Indian Finance Minister Shri Pankaj Chaudhary stated that India is working with G20 countries to establish international coordination on encrypted asset policy guidelines, and India's rotating presidency provides an opportunity to include different priorities including encrypted assets on the international cooperation agenda . Shri Pankaj Chaudhary stated that any regulation or prohibition legislation will only be effective if there is significant international cooperation in assessing common taxonomies, criteria and evolution of risks and benefits.