India G20 confirms ‘active discussions’ around global crypto framework
Sitharaman said crypto was a “threat as well as an opportunity” while confirming that the G20 members are working toward this vision of establishing a global crypto framework.
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Sitharaman said crypto was a “threat as well as an opportunity” while confirming that the G20 members are working toward this vision of establishing a global crypto framework.
The country emphasizes the necessity of dealing with the risks of digital assets in developing economies.
G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.
On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities.
India's finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.
The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.
The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition,…
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we…
Nirmala Sitharaman's comments came amid the Reserve Bank of India launching its digital rupee pilot program for the wholesale segment.