Members of the G20 agree that a globally coordinated understanding would be required not only to deal with the challenges posed by crypto assets but also to regulate them, Union Finance Minister Nirmala Sitharaman has said.

Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 (G20) member countries that any new regulations on the crypto assets need to be globally coordinated.

The Group of 20 finance chiefs skipped issuing an agreed-upon statement from their meeting this week in Washington, extending the discord created by Russia's invasion of Ukraine.