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India stresses the importance of addressing the risks of digital assets in developing countries.India’s Support for Global Crypto Framework: As the current G20 presidency holder, India has backed the recommendations of the Financial Stability Board (FSB) for a global crypto framework published in July. The country also stresses the <a href="https://cryptosheadlines.com/understanding-the-risk-associated-with-sui-token-what-investors-need-to-know/" rel="noopener noreferrer nofollow">need to address the risks associated</a> with digital assets in developing nations.On August 1, India <a href="https://www.g20.org/content/dam/gtwenty/gtwenty_new/document/Presidency_note_on_Framework_for_Crypto_Assets.pdf" rel="noopener noreferrer nofollow">released</a> its presidency note to contribute to a <a href="https://cryptosheadlines.com/world-economic-forum-provides-guidance-on-global-crypto-regulations/" rel="noopener noreferrer nofollow">global crypto</a> framework roadmap. The document aligns with guidelines from the FSB, Financial Action Task Force (FATF), and International Monetary Fund (IMF).<h3 id="strong-focus-on-developing-countries-strong">Focus on Developing Countries:</h3>India suggests additional measures in the roadmap, with a particular focus on developing countries. While the IMF considers the specific aspects of <a href="https://cryptosheadlines.com/oecd-implements-crypto-tax-reporting-guidelines/" rel="noopener noreferrer nofollow">crypto guidelines</a> for developing economies, India urges the FSB to do the same. The country also calls for outreach to all jurisdictions to raise awareness of risks, starting with countries that have higher <a href="https://cryptosheadlines.com/bybits-license-approval-boosts-crypto-adoption-in-cyprus/" rel="noopener noreferrer nofollow">crypto adoption</a>. Furthermore, India proposes extending future <a href="https://cryptosheadlines.com/us-chamber-of-commerce-criticizes-secs-haphazard-regulatory-approach/" rel="noopener noreferrer nofollow">regulatory approaches</a> to the digital economy beyond the G20’s scope.<a href="https://cryptosheadlines.com/india-proposes-crypto-roadmap-for-g20/" rel="noopener noreferrer nofollow"> Read More...</a>

India Proposes Crypto Roadmap for G20

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