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India has hinted that crypto regulation would be a priority during the country's year-long presidency of the G-20, which begins next month.

Identifying "consensus-based solutions for accelerating the scale and scope of the response of the global community to many transboundary challenges such as regulation of virtual assets," would be the third objective of India's G-20 presidency, the chief economic adviser to the government, V. Anantha Nageswaran, said during a Tuesday speech at an annual event hosted by the Indian Council for Research on International Economic Relations (ICRIER) on the upcoming G-20 conference.

The G-20 is an intergovernmental forum made up of 19 economies and the European Union. Indonesia currently holds the presidency of the group. India will not only take over the G-20 presidency starting in December but will also host the G-20 Leaders’ Summit for the first time next year.