Why G20 Summit may be a historic event for crypto in India

The G20 Summit 2023 in India is expected to provide an unprecedented opportunity for global leaders to discuss the regulation and development of the cryptocurrency sector. The event, which will be hosted by India, could play a pivotal role in shaping crypto regulations in the country and promoting a harmonised regulatory framework across member countries. A successful summit could help mitigate the risks associated with digital assets, foster innovation and competition in the sector, and facilitate the development and implementation of central bank digital currencies. It could also help resolve challenges posed by the taxation of cryptocurrencies.