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Indian Prime Minister Modi calls for the establishment of a global cryptocurrency framework at the G20 summit.

According to a report by Cointelegraph on August 28th, Indian Prime Minister Modi called for global cooperation in developing cryptocurrency regulations during the G20 summit. As the G20 presidency, India is willing to take on the task of advocating for the establishment of a comprehensive global cryptocurrency regulatory framework. It is understood that India has long advocated for the establishment of a global cryptocurrency framework. However, the cryptocurrency regulatory environment in India is still lacking in transparency and subject to high taxation. The country imposes a 30% tax on cryptocurrency earnings starting in 2022.

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