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“The IMF is [a member] of the FSB but the FSB, established after the 2009 G20 London Summit is seen to be closer to the G20 and the U.S. at a time of Russia’s war against Ukraine,” said a source often consulted on policy matters by India’s Finance Ministry. “India
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With the presidency, India – which has passed what the local industry has criticized as a crippling tax regime, while the country's central bank has called for a ban on cryptocurrencies – will now have a prominent role in framing global crypto regulation. As hosts, India will set the agenda
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The finance minister of India, Nirmala Sitharaman, revealed India’s plan to develop standard operating procedures (SOPs) for cryptocurrencies during its G20 presidency, from Dec. 1, 2022, to Nov. 30, 2023.Sitharaman has previously called for global collaboration to decide on crypto's future and has been cautious against mainstream crypto adoption citing
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India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under the framework. G20 Urged to Bring Crypto Under Automatic Exchange of Information India’s finance minister, Nirmala Sitharaman, talked about cryptocurrency Friday during
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The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. FSB to Present Robust Crypto Regulatory Framework to G20 in October The Financial Stability Board (FSB), an international body
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India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic Affairs Secretary Discusses Cryptocurrency Regulation in India India’s economic
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In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.” Source
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New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving. Source
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International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies.The Group of Twenty (G20) — an international forum for the governments and central bank governors from 19 countries and the European Union — said in a report today that
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Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia.As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European Union will be laying the groundwork to accept digital payments. The changes
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