The G20 countries are currently working on a global framework to address risks related to cryptocurrency investments. The India-led presidency of the intergovernmental group is urging all nations to come together and develop a common policy to protect investors worldwide.The G20 comprises 19 countries and the European Union and plans to develop a common framework that will help all countries deal with the risks associated with cryptocurrency investments. Recent shocks in the crypto market, including the bankruptcy of FTX and its conflict with Binance have highlighted the vulnerability of cryptocurrencies, as they lack any underlying value.India's Finance Minister, Sitharaman, highlighted the importance of a coordinated global effort in developing a common framework to help all countries deal with cryptocurrency-related risks.During a speech at the Peterson Institute for International Economics in Washington DC, Sitharaman stated, "Cryptocurrencies are a very important part of the discussion under the G20 India presidency, given so many collapses and shocks in cryptocurrencies. We seek to develop a common framework for all countries to deal with this matter."In addition to developing a common framework for crypto policy, the G20 is also looking to bring global economies together to defeat debt distress and hyperinflation, especially in countries such as Ghana and Sri Lanka.India's G20 presidency will facilitate discussion and information-sharing on the issue of global sovereign debt. The World Bank and IMF will hold a roundtable on the topic, and the G20 has agreed to improve multilateral coordination will help middle-income and low-income countries.The G20 presidency of India is anticipated to finish on November 30. Hence, the committee still has roughly seven months to create a worldwide crypto framework that will be applicable to all jurisdictions.Although cryptocurrencies have risks, they also offer advantages, as demonstrated by the case of El Salvador. Bitcoin has assisted the nation in lessening its reliance on the US dollar and hyperinflation.