Union Finance Minister Nirmala Sitharaman said on Saturday that crypto is 99 per cent technology. It is "under discussion with G20 nations," if all countries could achieve a standard operating procedure that will be effective while following a regulatory framework, she added.

Addressing a press meet after addressing the Central Board of Directors of the Reserve Bank of India (RBI) in the customary post-Budget meeting on Saturday, the Finance Minister said, "If regulation has to happen, then a different country alone cannot do anything. We are talking to all countries about whether we will be able to make any standard operating procedure. So that if everyone follows that path and we create a regulatory framework, will we be able to remain effective? All this is a topic in discussion. Discussions on this subject with the G20 countries are on."