FM Sitharaman urges IMF to take the lead in cryptocurrency regulation

In the midst of debates and discussions about cryptocurrency regulation, Finance Minister Nirmala Sitharaman urged the International Monetary Fund (IMF) to take the lead. The minister has called for a global coordinated and synchronised approach to the regulation of crypto assets.

Sitharaman discussed the issue with IMF managing director Kristalina Georgieva in New Delhi on Wednesday, according to a tweet from the ministry. Georgieva also stated that, despite global uncertainty and headwinds, India remains a bright spot in the global economy, according to the ministry. Among other things, the minister emphasised the importance of completing the 16th General Review of Quotas (GRQ) in a timely manner that addresses global economic inequality and imbalances.