According to CoinDesk, India has hinted that crypto regulation would be a priority during the country's year-long presidency of the G20, which begins next month.

Identifying "consensus-based solutions for accelerating the scale and scope of the response of the global community to many transboundary challenges such as regulation of virtual assets," would be the third objective of India's G20 Presidency, the Chief Economic Advisor to the government, V. Anantha Nageswaran, said during a Tuesday speech at an annual event hosted by the Indian Council for Research on International Economic Relations (ICRIER) on the upcoming G20 Conference.

The G20 is an intergovernmental forum made up of 19 economies and the European Union. Indonesia currently holds the presidency of the group. India will not only take over the G20 presidency starting in December, but will also host the G20 Leaders’ Summit for the first time next year.