G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation

As world leaders are gathering in India to attend G20 summit 2023, the crypto market is hopeful for a dialogue on the revival of the industry with a common regulation in place. Under the leadership of India's presidency, the G20 countries are reportedly poised to introduce what could be recognised as the first-of-their-kind regulations governing cryptocurrencies and crypto assets worldwide. India is one of the major players in the cryptocurrency market. According to statista.com, the Cryptocurrencies market in India is projected to grow by 9.83 per cent (2023-2027) resulting in a market volume of USD 324.00m in 2027.

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