Nirmala Sitharaman, Finance Minister of India, said on September 9 that a worldwide framework to govern crypto assets will be established under the country’s G20 presidency, with support from the IMF and the FSB. Today she announced that the G20 would decide whether or not to regulate or outright prohibit
G20, an intergovernmental forum supported by the FSB and IMF under the Indian Presidency, set to introduce the first global crypto regulations ahead of the next summit in September. This announcement comes after the G20 revealed global rules for crypto firms with no options. Adding to that, the RBI wants
The G20, an intergovernmental forum, has stated that globally agreed rules leave crypto firms with no option. However, it will introduce a basic safeguard to avoid the blowups experienced at the FTX exchange and other crypto firms. On July 17, the Financial Stability Board (FSB) revealed the final recommendations by
The crypto market has experienced significant growth and developments over the past few years. As every country is developing and adopting crypto, the G20 is to discuss a game-changing move for crypto regulations, international taxation, and bank finances. Moreover, the G20 finance ministers and central bank governors came up with
