India's Finance Minister Nirmala Sitharaman addresses the gathering on the first day of the three-day B20 Summit in New Delhi on Aug 25, 2023. (PHOTO / AFP)

MUMBAI - Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries.

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

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"Active discussions are happening."