G20 chair India to engage in discussions for global crypto regulatory framework

The finance minister of India announced on Tuesday (September 5)that discussions are in progress for establishing a global framework to regulate crypto assets. She emphasised that effective regulation of cryptocurrencies would necessitate cooperation from all nations.

"India's (G20) presidency has put on the table key issues related to regulating or understanding that there should be aframeworkfor handling issues related tocryptoassets," Nirmala Sitharaman said at an event in the financial capital of Mumbai.

"Active discussions are happening," she added.

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Delhi Metro operations

In preparation for the upcoming G20 Summit in New Delhi, the Delhi Police hadtaken steps with regard to Metro stations to enhance security measures, which they have now withdrawn.

They had previously requested theclosure of certain metro stations and gates during the upcoming G20 summitin the city.

“The request letter for the closure of gates of 39 Metro Stations which was made vide this office letter…dated 02.09.2023 is hereby withdrawn administrative grounds,” the new orderreads.

They had earlierinstructed the Chief Security Commissioner to close certain metro station gates that provide access to the VVIP routes. According to a report by ANI, DCP Metro G Ram Gopal Naik sent a letter identifying 39 stations where action was necessary. Notably, stations such as Supreme Court, Janpath, Bhikaji Cama Place, Khan Market, and Dhaula Kuan hadbeen categorised as "Sensitive stations."

The G20 Summit, scheduled to take place over two days starting on September 9, will host leaders and delegates from 40 countries, including the 20 member states. Prominent world leaders like US President Joe Biden, Canadian PM Justin Trudeau, French President Emmanuel Macron, as well as heads of international organisations like the World Bank and IMF, will attend the event.

Also watch |China signals Xi Jinping will not attend G20 summit in India

New Delhi has been preparing for the G20 Summit for several months, which includes training personnel who will be deployed during the event. Additionally, preparations involve beautification efforts, such as planting ornamental plants at traffic roundabouts and fountains.

"All metro stations will operate except the Supreme Court metro station. We could close certain gates at sensitive areas but this is subject to security restrictions. This will be done for 10-15 mins only. Other operations will run smoothly,” Special Commissioner of Police (Traffic) Surender Singh Yadav told the Indian Express.

In anticipation of increased passenger traffic during the summit, the Delhi Metro Rail Corporation has announced the sale of "Tourist smart cards" from September 4 to 13 at 36 dedicated metro station counters. These cards will continue to be available on regular days as well and will be sold for a period of 10 days.

(With inputs from agencies)

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