FM Sitharaman urges IMF to take the lead in cryptocurrency regulation

September 8, 2022

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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.

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