From Global Coordination to National Implementation: G20 Perspectives on Crypto Policy by Anndy Lian and panel

The upcoming G20 summit in Bengaluru has generated considerable interest within the global crypto community as discussions around the future of digital assets are expected to take place. The summit will bring together regulatory bodies from various countries to collaboratively explore the need for a regulatory framework for the crypto market, covering areas such as security, taxation, and investor protection.

The outcome of these discussions holds great significance for the crypto industry, as it could determine the regulatory status and legal recognition of digital assets in different countries. Given the challenges faced by investors and businesses in the absence of clear regulations, the decisions made at the G20 summit could shape the future of the industry.

The phrase "fate of virtual assets" refers to the legal status of cryptocurrencies, which remains ambiguous in many countries. The G20 summit could be a critical step in addressing this ambiguity and setting a global standard for regulating digital assets.

Although the Union Budget in India did not offer much for crypto investors, the G20 summit presents a significant opportunity to shape the future of the industry. As such, the global crypto community will be closely monitoring the developments and decisions made at the summit, as they could have far-reaching implications for the industry.