India Currency 🇮🇳

Indian 🇮🇳 PM Shri Narendra Modi calls for global Cryptocurrency framework at G20 Summit

India’s G20 Presidency in 2023 has led to strong advocating for a global crypto regulatory framework to be adopted. In fact, on August 1, India also put out a presidency note with its input on the proposed crypto framework. The suggestions align with guidelines from the Financial Stability Board (FSB), the Financial Action Task Force (FATF), and the International Monetary Fund (IMF).

India’s note included further suggestions surrounding developing economies in the crypto context. It was also announced that a ‘synthesis paper’ was to come jointly generated by the IMF and the FSB by the end of August, regarding the global macro implications related to crypto. Interestingly, the note came right before the G20 Summit is all set to commence on September 9, 2023.

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