G20 News

The Group of Twenty, or the G20, is an international forum for the governments and central banks of countries with developed and developing economies. The G20 includes countries from different continents and aims for cooperation and consultation on questions about the international financial system. G20 summits hadn’t been organized until 2008, as its main form of activity had been annual meetings of ministers of finances and central banks’ presidents. In terms of cryptocurrency, G20 members currently are not going to implement rigorous regulatory measures on it. According to their last report on digital currencies, G20 members came to the conclusion that cryptocurrency can play an important role in increasing the efficiency and transparency of the global financial system, so it wouldn’t be good to limit the development of these technologies.

News
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.
FSB, IMF and BIS papers to set global crypto framework, says G20
Ana Paula Pereira
2023-02-26T15:54:08+00:00
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On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities.
Treasury Secretary Janet Yellen calls for ‘strong regulatory framework’ for crypto activities
Ana Paula Pereira
2023-02-25T20:07:52+00:00
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India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build glob...
Coordinated global crypto policies: G20 key financial stability priority
Arijit Sarkar
2023-02-25T07:04:00+00:00
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The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.
Many stablecoins fall short of coming regulatory recommendations, says FSB chair
Derek Andersen
2023-02-20T17:49:07+00:00
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Nirmala Sitharaman hopes that finance ministers and central bank governors can agree on crypto regulations at the G20 meeting in Bengaluru later this month.
The world must take a ‘collective action’ approach to regulations — India’s finance minister
Ciaran Lyons
2023-02-04T06:20:37+00:00
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Nirmala Sitharaman’s comments came amid the Reserve Bank of India launching its digital rupee pilot program for the wholesale segment.
Crypto regulation is 1 of 8 planned priorities under India’s G20 presidency — Finance Minister
Turner Wright
2022-11-01T22:14:45+00:00
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Sitharaman has previously called for global collaboration to decide on crypto's future and has been cautious against mainstream crypto adoption citing risks to ...
India aims to develop crypto SOPs during G20 presidency — Finance minister
Arijit Sarkar
2022-10-16T09:30:00+01:00
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The FSB seems more concerned with the crypto market given its recent turmoil and the “increasing interconnectedness with the traditional financial system.”
G20 regulator to present global crypto rules in October 2022
Helen Partz
2022-07-11T17:30:00+01:00
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