Global consensus emerging on regulating crypto assets: FM Nirmala Sitharaman
cryptocurrency assets has gained momentum under the Indian G20 presidency, finance minister Nirmala Sitharaman said on Saturday addressing the media.
However, she added that whether there will be a regulation or a complete ban will be decided following the G20 Finance Ministers and Central Bank Governors (FMCGB) in Marrakesh, Morocco scheduled to happen next month.
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Applied Business AnalyticsVisitIndian School of BusinessISB Professional Certificate in Digital MarketingVisitRegulating cryptocurrency assets was one of the key agenda items on the G20’s finance track under the Indian presidency, and the group of finance ministers and central bank governors have already deliberated on reports submitted by the International Monetary Fund (IMF) and Financial Stability Board (FSB).
“FSB has focused more on the regulation and IMF has looked at the macroeconomic situation,” Sitharaman said during the press conference.
ET had reported on September 7 that a G20 Leaders’ summit this weekend will discuss a template and various building blocks for coordinated action on dealing with crypto assets, potentially paving the way for a global regulatory framework. A synthesis paper prepared by the IMF and FSB at the behest of the G20 Finance Ministers and Central Bank Governors on overall crypto asset regulation will be taken up by the leaders.
“There is one more meeting under our presidency for the finance track in Marrakesh. And there the synthesis report will be discussed. It is for the membership to take a call on how to
