Odaily News: India, currently serving as the rotating chair of the G20, recently announced in a chairman's statement that a "comprehensive document" jointly developed by the IMF and the Financial Stability Board (FSB) is expected to be released by the end of August. According to an informed source, India will push for the formulation of a global encryption law framework during the leaders' summit in early September, which may result in the aforementioned comprehensive document.

Ajay Seth, a senior official from the Indian Ministry of Finance, stated during a G20 press conference that the G20's universal regulations do not exclude any member country from banning encryption within its territory. (CoinDesk)