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G20 Nations Welcome FSB's Tougher Crypto Rules, Says Presidency Holders India

[Jul 18, 2023 7:05 AM] The Group of Twenty (G20) has welcomed the high-level recommendations of the Financial Stability Board (FSB) on crypto asset activities and global stablecoin arrangements.

G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks

[Jul 17, 2023 3:30 PM] On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations…

Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report

[Jul 12, 2023 3:35 AM] "If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.

BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers

[Jul 11, 2023 3:00 PM] G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.

Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20

[Jun 8, 2023 2:00 AM] Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.

India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks

[May 30, 2023 6:02 AM] India's central bank is trying to expand the global narrative around cryptocurrencies beyond "financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.

Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI

[May 17, 2023 4:36 AM] India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.

G20 countries aim to develop global framework against crypto-related risks

[Apr 11, 2023 1:50 AM] G20 also aims to bring together global economies to fight debt distress and hyperinflation in smaller economies such as Sri Lanka and Ghana.

India Brings Crypto Transactions Under Prevention of Money Laundering Act

[Mar 10, 2023 9:30 PM] India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider…

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

[Feb 27, 2023 9:30 PM] The 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…

FSB, IMF and BIS papers to set global crypto framework, says G20

[Feb 26, 2023 9:54 AM] A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.

U.S. Treasury Janet Yellen calls for 'strong regulatory framework' for crypto activities

[Feb 25, 2023 2:07 PM] 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.

Coordinated global crypto policies: G20 key financial stability priority

[Feb 25, 2023 1:04 AM] India's finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.

Many stablecoins fall short of coming regulatory recommendations, says FSB chair

[Feb 20, 2023 11:49 AM] The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.

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

[Feb 13, 2023 9:30 PM] India 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…

Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency

[Dec 31, 2022 10:00 PM] The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and…

G20 Countries to Build Crypto Policy Consensus for Better Global Regulation

[Dec 17, 2022 9:00 PM] The 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…