Nilmarsi Salaman, India's finance minister, said in a recent television interview that regulation was "unlikely to be done by one country" and that it would require the joint efforts of the international community.

Sitharaman told Rahul Joshi on the Indian CNBC-TV18 variety show that although the central bank is "the authority to sell cryptocurrencies", other digital currencies created by the outside world are "using very favorable financial technology".

Sitharaman said that ahead of the G20 meeting of finance ministers and central bank governors in Bangalore later that month, India was studying a "worldwide" standard operating procedure (SOP) to "negotiate" the control of encrypted assets.

She proposes that if login password policies and regulations are to be reasonable, they need to be agreed upon around the world. She pointed out:

"Control cannot be carried out independently by one country. It must have a kind of animal rights, because it is not easy to demarcate all boundaries by technology."

According to previous media reports, West Salaman did not mention any changes to the corporate income tax law related to data encryption, central bank digital currency or blockchain application in the guild expense budget on February 1.

Recently, countries around the world in the G-20 have made a lot of progress in login password policies and regulations.

Recently, the Australian government released a token projection consultation document on February 3, issuing the approval and escrow structure as early as 2023.

French central bank governor Francois Wheeler Royde Galhoun pointed out in a speech in London on January 5 that France should not wait for the EU password law, but should take action on the issue of approval as soon as possible.

Brazil and Argentina have held their own discussions on building a common digital currency to work diligently to minimize dependence on the dollar.

In addition, Huang Yiping, a former member of the Monetary Policy Committee of the Central people's Bank of China (PBoC), believes that the Chinese government should carefully consider a ban on the trading of encrypted currencies, suggesting that the ban may not be sustainable in the long run.