G20 leaders have issued their statement following a two-day summit in New Delhi, with India presiding over the G20 this year. The 37-page statement includes a section on the policy and regulation of digital assets and central bank digital currencies (CBDCs).
Regulation of Digital Assets...
A joint study conducted by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) highlights the impact of cryptocurrencies on monetary policy, emphasizing that a blanket ban on these currencies may not be the optimal solution.
Analysis:
Impact on Monetary Policy and Financial...
Under India's leadership of the Group of 20 (G20), active discussions are taking place regarding the establishment of a global framework for cryptocurrencies. India's Finance Minister, Nirmala Sitharaman, has emphasized the need for global cooperation in formulating regulations for cryptocurrencies.
The Call for Global Cooperation
On...
The regulation of cryptocurrencies was discussed between G20 finance ministers and central bankers, where it was agreed that this issue should be dealt with globally. India's Minister of Finance, Nirmala Sitharaman, stressed that any action on digital currencies must be global, and that it...