According to Golden Finance's report, the Indian government is set to release a discussion paper regarding cryptocurrency. This move is in response to the support of related guidelines from the International Monetary Fund (IMF) and the Financial Stability Board (FSB) by the G20 member countries during India's tenure as the G20 chair last year. The interdepartmental group composed of the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) will draft this discussion paper, which is expected to be completed by September. Economic Affairs Minister Ajay Seth revealed in an interview with Moneycontrol that this paper will contain recommendations on how to regulate India's cryptocurrency. Currently, India's cryptocurrencies are only regulated under anti-money laundering (AML) and electronic funds transfer (EFT) laws.