As G-20 plans crypto regulatory framework, India may shelve plan for outright ban
1 year, 3 months ago

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

The Hindu  

With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward. Any country can allow higher risks if they want, or ban it if they like, but whatever one does, it should not go below a certain level of regulation otherwise It will lead to shifting of the trade to other jurisdictions,” the official pointed out, explaining the G-20 push for timely implementation of FSB recommendations in a consistent manner globally to avoid regulatory arbitrage. IMF managing director Kristalina Georgieva said on Sunday that “more work lies ahead” in the realm of digital money and crypto assets. “To this end, the G-20 has tasked relevant institutions to improve regulation and supervision of crypto assets — the IMF is contributing to proposals for a comprehensive policy framework; and advance the debate on how central bank digital currencies could impact the global economy and financial system,” she said.

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History of this topic

Govt has no timeline for regulatory guidelines for Virtual Digital Assets
1 week ago

Govt has no timeline for regulatory guidelines for Virtual Digital Assets

Live Mint  

New Delhi, December 16 : The government on Monday informed Lok Sabha that there is no anticipated timeline for the introduction of comprehensive regulatory guidelines for the Virtual Digital Assets industry in India. The government was asked by two members of Parliament whether it was taking steps to establish a comprehensive regulatory framework for the Virtual Digital Assets industry. The …

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why
4 months, 2 weeks ago

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why

Live Mint  

The Ministry of Finance recently made it clear in a written reply in the Lok Sabha that the government is not considering a law to regulate the transaction of cryptocurrencies. However, crypto industry participants are not too pessimistic about Chaudhary’s statement, which was released at the behest of the Finance Ministry since they pin hopes on a discussion paper on …

Retail investors should be cautious about Cryptos says RBI
7 months ago

Retail investors should be cautious about Cryptos says RBI

Deccan Chronicle  

Mumbai: The crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity as a result of which retail investors need to be more cautious, the Reserve Bank of India economists said in an article titled Decentralised Finance: Implications for Financial System in the central bank’s May Bulletin. However, developments such as the FTX crypto exchange collapse, decline in …

RBI Monetary Policy: New changes announced to electronic trading platforms, digital payments
10 months, 2 weeks ago

RBI Monetary Policy: New changes announced to electronic trading platforms, digital payments

New Indian Express  

The Reserve Bank of India today released a major policy statement outlining several developmental and regulatory initiatives covering financial markets, regulations pertaining to lending institutions, and payment systems including digital currency and fintech. On the financial markets front, RBI announced that it will comprehensively review the existing regulatory guidelines for Electronic Trading Platforms that enable transactions in financial instruments regulated …

Budget Highlights 2024: Govt to lay white paper on economic performance
10 months, 3 weeks ago

Budget Highlights 2024: Govt to lay white paper on economic performance

Hindustan Times  

Feb 1, 2024 7:33 PM IST Ashish Singhal, Co-founder and Group CEO, PeepalCo says, "Crypto is experiencing a resurgence this year. On a positive note, the Government of India now has the chance to introduce comprehensive crypto regulations and improved tax policies in the upcoming full Budget, with the full support of the electorate. We continue to urge: i) Allow …

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod
1 year, 2 months ago

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod

Live Mint  

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board and International Monetary Fund that carries a number of suggestions on regulations of cryptocurrencies. Here is the timeline of regulatory evolution that the digital currencies have undergone: Feb 1, 2018: Then Finance Minister Arun Jaitley, during the Budget Speech, said government did not consider …

G20 finance leaders adopt roadmap on crypto assets
1 year, 2 months ago

G20 finance leaders adopt roadmap on crypto assets

Live Mint  

New Delhi: Finance ministers and central bank governors from G20 nations on Friday adopted a roadmap for regulating crypto assets proposed by the Financial Stability Board and the International Monetary Fund at their meeting at Marrakesh in Morocco. The ministers and central bank governors also decided in their joint communique to take forward key proposals from the New Delhi Leaders …

India's G20 presidency: A watershed moment in crypto regulation
1 year, 2 months ago

India's G20 presidency: A watershed moment in crypto regulation

Hindustan Times  

In the annals of global diplomacy, India's tenure at the helm of the G20 presidency will be remembered as a period of significant milestones and transformative initiatives. From thriving in a rapidly expanding crypto sector to navigating hurdles such as high taxes, shadow bans on banks working with crypto companies, and the inclusion of cryptocurrency under the purview of PMLA, …

On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month
1 year, 3 months ago

On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month

The Hindu  

Paving the way for a co-ordinated global approach to regulating cryptocurrencies, strengthening multilateral development banks’ lending capacity and replicating the use of digital public infrastructure like the India Stack to expand financial inclusion around the world, were some of the 10 major outcomes achieved under the Finance Track of India’s G-20 presidency. G-20 Summit 2023 Sept. 9 updates Discussions on …

G20 Delhi Declaration vows to closely monitor risks of fast-paced developments in the crypto, AI
1 year, 3 months ago

G20 Delhi Declaration vows to closely monitor risks of fast-paced developments in the crypto, AI

Firstpost  

In the G20 Delhi Declaration, G20 Leaders have committed to regulate cryptocurrencies and other digital assets to combat money laundering and terrorism financing. They also committed to regulate AI in a way that lets it to be developed to its full potential, while managing its risks The recent G20 Summit held in New Delhi has endorsed Prime Minister Narendra Modi’s …

G20 Summit 2023 New Delhi Declaration Crypto Regulation Policy Global Consensus Emerging IMF FSB CBDC Digital Rupee
1 year, 3 months ago

G20 Summit 2023 New Delhi Declaration Crypto Regulation Policy Global Consensus Emerging IMF FSB CBDC Digital Rupee

ABP News  

Prime Minister Narendra Modi announced on Saturday that the G20 had achieved unanimous agreement on a leaders' declaration. Among other notable developments, it appears that the much-discussed global coordination on crypto regulation has taken a solid step forward, as Finance Minister Nirmala Sitharaman said that a “global consensus” is emerging on virtual digital asset policies. Sitharaman said, “Global push for …

Concrete plan needed for crypto: G20 paper
1 year, 3 months ago

Concrete plan needed for crypto: G20 paper

Hindustan Times  

The crypto ecosystem needs comprehensive regulatory and licensing mechanisms for macroeconomic and financial stability, a synthesis paper prepared for the G20 has said, cautioning governments that widespread adoption of cryptocurrencies and assets based on them could undermine the effectiveness of monetary policy, circumvent capital flow management measures, exacerbate fiscal risks, divert resources available for financing the real economy, and threaten …

Virtual digital assets regulation in G20 countries: Towards a global governance framework
1 year, 3 months ago

Virtual digital assets regulation in G20 countries: Towards a global governance framework

Hindustan Times  

Statements made by public officials in certain G20 member-States as well commentaries by financial analysts suggest that emerging market economies stand on a different footing from developed counterparts in their regulation of virtual digital assets. This paper examines this notion by presenting a quantitative analysis of the positions taken by G20 member-countries on different facets of virtual digital assets regulation. …

G20 Summit: IMF, FSB Propose Crypto Regulation Framework
1 year, 3 months ago

G20 Summit: IMF, FSB Propose Crypto Regulation Framework

ABP News  

In what is anticipated to be a significant development during India's tenure as G20 president, participating nations have concurred on the establishment of a global framework for the regulation of cryptocurrency assets, according to sources cited by ANI. Under the stewardship of the Indian G20 presidency, the recommendation for a common framework addressing debt vulnerability issues has also been put …

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation
1 year, 3 months ago

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation

India TV News  

As world leaders are gathering in India to attend G20 summit 2023, the crypto market is hopeful for a dialogue on the revival of the industry with a common regulation in place. Under the leadership of India's presidency, the G20 countries are reportedly poised to introduce what could be recognised as the first-of-their-kind regulations governing cryptocurrencies and crypto assets worldwide. …

G20 could pave way for crypto regulation, financial inclusion push
1 year, 3 months ago

G20 could pave way for crypto regulation, financial inclusion push

The Hindu  

India’s G20 presidency could leave a lasting legacy for the world’s financial architecture by paving the way for a global template to regulate crypto assets, steering a shake-up of multilateral development banks that could yield additional financing of $200 billion over eight years to help countries deal with emerging challenges, and advancing financial inclusion. India has brought the regulation of …

Virtual digital assets: Lessons from global trends in regulation
1 year, 3 months ago

Virtual digital assets: Lessons from global trends in regulation

Live Mint  

Leading international organizations have recently produced policy notes on crypto-assets, also known as virtual digital assets as per the Finance Act of 2022. Given BIS's considerable influence, its observations are expected to significantly impact upcoming G20 discussions on virtual digital assets. BIS has outlined three high-level policy options concerning virtual digital assets in its recent paper: 1) an outright ban, …

India’s G20 presidency: For Virtual Digital Assets
1 year, 4 months ago

India’s G20 presidency: For Virtual Digital Assets

Hindustan Times  

Virtual Digital Assets were, for the longest period, considered forbidden fruits, capable of causing financial instability and compromising transactional integrity. An SOP focused on the four priority areas - Consumer and Investor Protection, Access to Law Enforcement Agencies to Address Fraudulent Practices, Regulatory Arbitrage and Financial Stability – holds the potential to address the existing lacunae in the VDA framework. …

G7 Summit Could Offer Some Cues To Set G20’s Crypto Regulations Straight
1 year, 7 months ago

G7 Summit Could Offer Some Cues To Set G20’s Crypto Regulations Straight

ABP News  

The G7 nations recently congregated ahead of their summit to discuss the much anticipated regulatory developments for virtual digital assets. The nations have collectively taken a call, much like the G20 group, to align their regulations with the standard set by the Financial Stability Board. Market stability becomes a key point of concentration in this aspect as for central bank …

Crypto, Dark Net & Digital Ownership the Buzzwords as India Plans G20 Meet on Security & Crime
1 year, 7 months ago

Crypto, Dark Net & Digital Ownership the Buzzwords as India Plans G20 Meet on Security & Crime

News 18  

India has proposed that next-level cyberspace issues, which will pose a big challenge in the coming years, be discussed with 20 nations and nine guest countries during an upcoming conference on security and crime. For the ‘G20 Conference on Crime and Security in the age of NFTs, Al and Metaverse’, it has been proposed to discuss issues such as internet …

Virtual digital assets, India’s stand and the way ahead
1 year, 7 months ago

Virtual digital assets, India’s stand and the way ahead

The Hindu  

Rulemaking is an arduous task. A prominent, and far-reaching, update has been India’s recent notification extending the anti-money laundering provisions to virtual digital assets businesses and service providers. On March 7, the Union Finance Ministry, in a gazette notification, extended these activities under the Prevention of Money Laundering Act Act of 2002: exchange between virtual digital assets and fiat currencies; …

Explained | What is the EU’s new crypto-legislation?
1 year, 8 months ago

Explained | What is the EU’s new crypto-legislation?

The Hindu  

The story so far: The European Parliament, the legislative body of the 27-country block European Union, has approved the world’s first set of comprehensive rules to bring largely unregulated cryptocurrency markets under the ambit of regulation by government authorities. As for the assets that will be out of MiCA’s scope, it will not regulate digital assets that would qualify as …

Regulating crypto without global consensus will not be effective, says FM Sitharaman
1 year, 8 months ago

Regulating crypto without global consensus will not be effective, says FM Sitharaman

The Hindu  

Underlining that global consensus is necessary for the regulation of crypto before India makes any move on it, Union Finance Minister Nirmala Sitharaman on April 23 said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective. "Their report and IMF's report are going to be …

Crypto issue requires immediate attention, says FM Sitharaman
1 year, 8 months ago

Crypto issue requires immediate attention, says FM Sitharaman

The Hindu  

Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said. Ms. Sitharaman was part of a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 finance ministers and central bank governors at …

Any action on crypto assets will have to be global: FM Nirmala Sitharaman
1 year, 8 months ago

Any action on crypto assets will have to be global: FM Nirmala Sitharaman

Deccan Chronicle  

Washington: Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated. "I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets will have to be global. …

India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman
1 year, 8 months ago

India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman has said India’s G20 presidency aims to develop a common framework for all countries to deal with risks associated with cryptocurrencies in the wake of the recent shocks witnessed in the crypto market. She also said G20 is trying to bring together all countries to address debt distress in middle-income and low-income nations like Sri Lanka …

Understanding the current state of crypto assets in India
1 year, 8 months ago

Understanding the current state of crypto assets in India

Live Mint  

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy
1 year, 9 months ago

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy

ABP News  

Minister of State for Finance Pankaj Chaudhary on Monday informed the Parliament that India is working with G20 nations to establish a globally coordinated policy on crypto assets. Finance Minister Nirmala Sitharaman recently announced that there will be additional discussions on crypto assets during the IMF-World Bank Spring Meetings in April, to be held in Washington. Additionally, in July, the …

Belated, but essential: The Hindu Editorial on bringing all trade in virtual digital assets under the PMLA
1 year, 9 months ago

Belated, but essential: The Hindu Editorial on bringing all trade in virtual digital assets under the PMLA

The Hindu  

The Finance Ministry’s March 7 notification placing all transactions involving virtual digital assets under the purview of the Prevention of Money Laundering Act is a much-needed, even if belated, step. The government has been struggling in recent years to formulate an appropriate regulatory response to deal with the pandemic-era upsurge in The intergovernmental Financial Action Task Force — the global …

Money laundering law to apply to crypto trade: Finance Ministry
1 year, 9 months ago

Money laundering law to apply to crypto trade: Finance Ministry

The Hindu  

The government has imposed money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. The notification said, “Exchange between virtual digital assets and fiat currencies, exchange between one or more forms of virtual digital assets, transfer of virtual digital assets, safekeeping or administration of virtual digital assets or instruments enabling control over virtual …

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation
1 year, 9 months ago

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation

India Today  

India has proposed a joint technical paper by the IMF and the FSB for help in the formulation of a coordinated and comprehensive policy approach to crypto assets. Both the above agencies are expected to present their papers in October this year, i.e., during the 4th G20 Finance Ministers and Central Bank Governors Meet, stated the Ministry of Finance, following …

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala
1 year, 9 months ago

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala

Deccan Chronicle  

Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday said that the government is progressing towards regulation on Crypto Currency under India's G20 presidency. "Further, in July, the FSB's paper on crypto assets regulation will be tabled so that it could be discussed at the next meeting of the finance ministers and central bank governors," she said. Speaking on the issue, …

Crypto needs an ‘international framework’: RBI Governor Das at G20
1 year, 9 months ago

Crypto needs an ‘international framework’: RBI Governor Das at G20

Live Mint  

RBI Governor Shaktikanta Das has once again pointed out that currently, there is risks associated with cryptocurrencies or crypto assets, and has mentioned that there is need for an international framework to deal with these risks. Das said, "there is now wide recognition and acceptance of the fact that cryptocurrencies, or crypto assets, or crypto products, or by whatever name …

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20
1 year, 9 months ago

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20

The Hindu  

The International Monetary Fund and the Financial Stability Board are set to formulate a technical paper in a bid to attain a coordinated global approach for the regulation of crypto assets as proposed by the Indian Presidency of the G20. The idea had found backing from U.S. Treasury Secretary Janet Yellen, who also mooted international cooperation to set high regulatory …

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto
1 year, 9 months ago

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto

News 18  

India, which is currently holding G20 Presidency, has asked the IMF and Financial Stability Board to jointly prepare a technical paper on crypto assets, which could be used in formulating a coordinated and comprehensive policy to regulate them. In their entirety, the IMF’s discussion paper, the policy seminar and the joint IMF-FSB paper are expected to integrate the policy questions …

Banning private cryptocurrencies should be an option: IMF chief
1 year, 9 months ago

Banning private cryptocurrencies should be an option: IMF chief

Live Mint  

Banning private cryptocurrencies should be an option, said IMF Managing Director Kristalina Georgieva on Saturday, on the sidelines of a G20 meeting. "We have to differentiate between central bank digital currencies that are backed by the state and stable coins, and crypto assets that are privately issued," said IMF chief Georgieva. "On debt restructuring, while there are still some disagreements, …

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option
1 year, 9 months ago

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option

Firstpost  

Bengaluru: Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday, adding that banning private cryptocurrencies should be an option. “On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors,” IMF Managing …

IMF flags debt disagreements, says banning crypto should not be off table
1 year, 9 months ago

IMF flags debt disagreements, says banning crypto should not be off table

Deccan Chronicle  

BENGALURU: There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due …

IMF flags debt restructuring hurdles, says banning crypto should be an option
1 year, 9 months ago

IMF flags debt restructuring hurdles, says banning crypto should be an option

India Today  

Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday, adding that banning private cryptocurrencies should be an option. "On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors," IMF Managing Director …

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi at G20 meeting
1 year, 9 months ago

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi at G20 meeting

India Today  

India’s digital payments ecosystem has radically transformed governance and financial inclusion over the past few years, said Prime Minister Narendra Modi while addressing the G20 Finance Ministers' and Central Bank Governors' Meeting. Our digital payments ecosystem has radically transformed governance, financial inclusion and ease of living,” said PM Modi. READ | Budget 2023 will make India leading player in global …

Crypto Policy, Cross-Border Payments, Digital Public Infra On Agenda At G20 2nd Finance And Central Bank Deputies Meeting
1 year, 10 months ago

Crypto Policy, Cross-Border Payments, Digital Public Infra On Agenda At G20 2nd Finance And Central Bank Deputies Meeting

ABP News  

The second Finance and Central Bank Deputies Meeting under India’s G20 Presidency in Bengaluru will discuss road to policy for crypto assets, a symposium of digital public infrastructure, and enhancement of cross-border payment arrangements. Under the Indian Presidency, the First G20 Finance and Central Bank Deputies Meeting, was also held in Bengaluru during December 13-14, 2022. The deputies' meet will …

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations
1 year, 10 months ago

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations

ABP News  

Finance Minister Nirmala Sitharaman on Monday said India is discussing with the G-20 member countries the need to develop a standard operating protocol for regulating crypto assets. She said crypto assets and web3 are relatively new and evolving sectors, and require significant international collaboration for any specific legislation on these sectors to be fully effective. In reply to a separate …

India discussing with G-20 nations to develop SoP for regulating crypto assets: Sitharaman
1 year, 10 months ago

India discussing with G-20 nations to develop SoP for regulating crypto assets: Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Monday said India is discussing with the G-20 member countries the need to develop a standard operating protocol for regulating crypto assets. In reply to a separate question, Minister of State for Finance Pankaj Chaudhary said the government was engaging with G-20 countries to build international coordination on regulating crypto assets. He said India’s G-20 …

The way forward on crypto regulations
1 year, 10 months ago

The way forward on crypto regulations

Hindustan Times  

The finance ministers and the heads of central banks of G20 countries gathered this past weekend for a crucial meeting that could lay the foundations of future of crypto regulations. Finance minister Nirmala Sitharaman indicated ahead of the meeting that on the agenda will be the need for a standard operating procedure of sorts, for which all participants will need …

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman
1 year, 10 months ago

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman

Firstpost  

Prime Minister Narendra Modi’s government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has not made a final decision The Group of 20 big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday. Given the sophisticated technologies involved with these virtual assets, countries must discuss …

India likely working on roadmap to regulate cryptocurrencies at G-20
1 year, 10 months ago

India likely working on roadmap to regulate cryptocurrencies at G-20

Live Mint  

India is likely to introduce a roadmap for regulating virtual assets such as cryptocurrencies. On Thursday, Economic Affairs Secretary Ajay Seth in an interview said that the government is working with Financial Stability Board to at least build a policy for crypto assets along with a regulatory framework. He added, "we are also working with the FSB and the idea …

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know
1 year, 11 months ago

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know

ABP News  

The 2023 Union Budget is nearly here and the biggest question that’s haunting the mind of crypto enthusiasts is simple — how will the Finance Ministry treat the virtual digital assets sector this time around? While 2022 saw several important milestones for the crypto sector, from the taxation of gains to the introduction of a central bank digital currency, the …

India to seek harmony in crypto regulation in G-20 finance talks
2 years ago

India to seek harmony in crypto regulation in G-20 finance talks

The Hindu  

A coordinated approach to regulating crypto assets, managing debt vulnerabilities and reorienting global financial institutions have been identified as critical focus areas of the Finance Track agenda for India’s G-20 Presidency, which will kick-off with the first meeting of G-20 Finance and Central Bank Deputies in Bengaluru on Tuesday. Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta …

Yellen moots global cooperation on cryptocurrency regulation
2 years, 1 month ago

Yellen moots global cooperation on cryptocurrency regulation

The Hindu  

United States’ Treasury Secretary Janet Yellen and Finance Minister Nirmala Sitharaman discussed issues relating to cryptocurrency regulation during her maiden official visit to India on Friday, with Ms. Yellen mooting international cooperation to set high regulatory standards for crypto assets and reduce the cost of cross-border payments. Ms. Yellen said India was a key part of the United.States.’ ‘friendshoring’ approach …

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