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Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion

Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 DiscussionIndian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes. Moreover, she noted that India has raised the issue of crypto […]

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G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required

G20 Finance Chiefs Agree Global Policy Responses to Crypto Are RequiredThe G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto assets will have to be global,” she stressed, adding that the G20 finance chiefs’ discussion on crypto was “very substantive.” G20 Finance Chiefs on Crypto […]

What is Operation Choke Point 2.0? Trump vows to end it

G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor

G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank GovernorThe G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over the weekend. G20 Agrees Crypto Poses Major Risks to Financial Stability, Says RBI Governor […]

What is Operation Choke Point 2.0? Trump vows to end it

India Having ‘Detailed Discussions’ With G20 Members on Crypto Regulation

India Having ‘Detailed Discussions’ With G20 Members on Crypto RegulationIndia is having “detailed discussions” with other G20 members about forming a collective standard operating procedure (SOP) to regulate crypto assets, Indian Finance Minister Nirmala Sitharaman has revealed. She also called for “a globally coordinated approach on the regulation of crypto assets” during her recent meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. […]

What is Operation Choke Point 2.0? Trump vows to end it

G20 Countries to Build Crypto Policy Consensus for Better Global Regulation

G20 Countries to Build Crypto Policy Consensus for Better Global RegulationThe 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 need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy managing director, Gita Gopinath. G20 Nations Discuss Crypto Regulation The G20 finance […]

What is Operation Choke Point 2.0? Trump vows to end it

India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework

India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ FrameworkIndia’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 the G20 Ministerial […]

What is Operation Choke Point 2.0? Trump vows to end it

G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October

G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in OctoberThe 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 that monitors and […]

What is Operation Choke Point 2.0? Trump vows to end it