India is thinking about what it should do with cryptocurrencies.

They are paying attention to what other countries say about cryptocurrency rules in the G20 meetings.

A top official named Ajay Seth said that India will make up its mind about cryptocurrencies in the next few months.

India wants to see what kind of rules the leaders from other countries agree on in the G20.

In the past, India's cryptocurrency industry had some problems like high taxes and rules against it.

India wanted to make global rules for cryptocurrencies when it was in charge of the G20 meetings.

The International Monetary Fund and Financial Stability Board made a report about global cryptocurrency rules.

The official's comments suggest that India might make its own cryptocurrency laws.

Some Indian officials think they don't need a big law about cryptocurrencies.

Before the G20 meeting, India shared a note explaining what it thinks about cryptocurrency rules.