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India presses for crypto rules at G-20 but faces hurdles toward ban

Central bank chief Das notes 'wide recognition' of risks to financial stability

Indian Prime Minister Narendra Modi's government is known for its hard-line stance on cryptocurrencies like bitcoin.   © Reuters

BENGALURU -- Group of 20 finance and central bank chiefs meeting here gave a nod to the international debate on cryptocurrency regulation but stopped short of backing an outright ban, an option weighed by G-20 chair India.

While wary of excessive regulation, the advanced economies in the G-20 showed some accommodation for India's stance.

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