In the recent news interview India Finance Minister Mrs. Nirmala Sitharaman, clearly stated that all the 20 nations should also involve rest of the world on deciding new framework of the crypto. She thinks that crypto poses various threat to the economy and it is not the issue of one nation or 20 but it's an issue related to the entire global economy.
This lady doesn't have the credibility to hold power like the finance minister. She is just a puppet to the government. I mean that's how Modi wants it because he usually takes the decision and all ministers speak his language. Indian bureaucratic system is good for nothing. It is corrupted to the core and has a mentality of serving its own ego rather than serving the public. So the such system will never accept cryptocurrency getting mixed with the mainstream economy. I am sure a lot of developed countries have laughed at this statement and continued their preparation to welcome cryptocurrency by regulating it. While Indian crypto community is gearing up to pay 30% tax on the income. Sad but true!