India is set to handover the presidency of the G20 nations to Brazil in December, after one year of holding it. During India’s G20 presidency, it worked with global financial institutions on formulating laws to govern the crypto sector on an international level. Prior to the weekend, Indian finance minister Nirmala Sitharaman provided some insights into the status of this crypto roadmap adoption by G20 nations. While Sitharaman said that the G20 roadmap on crypto has been adopted, more clarity will be given by Brazil in the coming months.

“When we move to the Brazilian presidency, given the momentum that the crypto assets issue has picked up in G20, if there is anything emerging, we will know at that time. At the moment, the content of the roadmap is what is before us to act on,” Sitharaman was quoted by Forbes as saying in a recent press briefing.

This essentially means that all the countries that are part of the G20 group, can customise laws based on the decided crypto roadmap and deploy these rules that includes supervision and oversight of global stablecoin arrangements (GSCs) along with support for responsible fintech innovation.

Sitharaman, as part of her update, also noted that as of now there is no specific timeline decided for G20 nations to deploy their customised versions of the crypto roadmap.

In the coming days, the Financial Stability Board (FSB), International Monetary Fund (IMF), and the Financial Action Task Force (FATF) are expected to check if all nations adopting the crypto roadmap is being put in place without any loopholes for notorious elements to exploit.