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 …
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 …
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 …
