This week, Nirmala Sitharaman, Minister of Finance of India, announced at the Indian Council for Research on International Economic Relations that Indian people have more than enough power to play with electronic information technology, and the supervision of cryptocurrencies may be one of the priorities of the G20 that India will lead.

Sitharaman also stressed that India must gradually cooperate with the International Monetary Fund, the Financial Stability Commission, the Organization for Economic Cooperation and Development and other organizations to ensure that cryptocurrencies "can be subject to regulation with the participation of all countries", December.

Sitharaman's comments are surprising because he has called for global cooperation to determine the future development of cryptocurrencies and held a very conservative view on the selection of popular cryptocurrencies, because financial stability is risky.

Anto Paroian, CEO and Chairman of the Board of Supervisors of Cryptocurrency Financial Derivatives ARK36, released the following comments on the statement of Sitharaman:,

"The Minister of Finance of India may be right. If it is reasonable to think about it, the introduction of cryptocurrency regulation must be a global effort. A more uniform set of rules may also help investors and their participants in the data encryption industry to enter a more diversified sales market and customers. If cryptocurrency wants to achieve the position of global universal assets, in the long run, it may be necessary to unify its litigation status and A consistent regulatory approach across jurisdictions.

However, whether India is the best country for leading cadres to strive for global supervision of digital currency is a completely different problem. You can't help noticing that so far, India is not an opportunity to regard cryptocurrency as a threat. For a country with the 20% urban population and no banks, this is especially disappointing. Once accepted, cryptocurrency can make it easier for Indian people to access financial information services, and make the entire financial system more efficient and fair.

In turn, Indian government departments regard cryptocurrency as a means of "drug equity financing, terrorist financing or just playing tricks on system software". This idea has long been outdated, and describes an unreal interface for a huge and amazing global industrial chain with innovative capabilities. Its core content is driven by the ideal of a more fair and just financial system. If India wants to successfully lead the unremitting efforts of global regulation of cryptocurrencies, it seems that it must first make responsible efforts to better understand this indoor space and the overall goal. "