The IMF warned the G20 nations that the widespread use of crypto assets could impact banks significantly. The International Monetary Fund (IMF) warned the Group of 20 (G20) nations that the widespread...
Tag: G20
G20 nations were warned by IMF about incoming trouble for crypto-friendly banks
The IMF sent a report to G20 nations last month which laid out the implications of crypto adoption in emerging markets. The report warned that banks with exposure to crypto may lose deposits and cease...
IMF had Warned G-20 That Widespread Crypto Use Would Impact Banks
“A widespread proliferation of crypto assets comes with substantial risks to the effectiveness of monetary policy, exchange rate management, and capital flow management measures, as well as to f...
Why US Crypto Ecosystem Is Unlike EU, G20 Groups?
XRP News: Amid much turbulence in the crypto ecosystem, Ripple CEO Brad Garlinghouse said there was a need to rebuild trust in the industry after recent hiccups. Even as the crypto market experiences ...
Coordination of Regulation: LBank Echoes G20 Discussions
Road Town, BVI, 6th March, 2023, Chainwire Global cryptocurrency exchange LBank has welcomed reports that a trifecta of financial organizations are considering a framework for digital asset regulation...
G20 Meeting of Financial Chiefs Takes A Step Forward Towards Crypto Regulations
The G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting on February 24-25 in Bengaluru, India, concluded with a strong commitment to regulations for the cryptocurrency sector. The Intern...
Secretary Of State Blinken Unexpectedly Meets With Russian Counterpart At G20 Meeting
Topline Secretary of State Anthony Blinken had an unscheduled meeting with Russian counterpart Sergey Lavrov on the sidelines of the G20 meeting in New Delhi, multiple outlets report, as tensions esca...
G20 To Establish Standards For Global Crypto Regulatory Framework
It was announced on February 25 by the group of the 20 largest economies in the world, known collectively as the G20, that the Financial Stability Board (FSB), the International Monetary Fund (IMF), a...
G20 Discusses Crypto Regulations Under India Presidency
During the time that India presided over the G20, the first meeting of its kind for the group’s Finance Ministers and Central Bank Governors (FMCBG) was conducted. At this meeting, key issues pe...
G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor – Regulation Bitcoin News
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 report...
RBI Governor Says G20 Summit Members to Plan Crypto Ban
2 hours ago | 2 mins read Bitcoin News As per the Indian finance minister, G20 members have acknowledged India’s stance on crypto. India will introduce its own CBDC to fend off competition from crypto...
Janet Yellen at G20: we don’t want ban crypto
Yesterday there was a false rumor circulating that at the ongoing G20 in Bangalore, India, they were discussing a possible ban on crypto. Disproving this speculation was U.S. Treasury Secretary and fo...
RBI Governor G20 Members Could Consider Entire Crypto Ban
India is making headlines regarding crypto regulations yet again. The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, has mentioned that some members of the G20 summit might consider an ...
FSB, IMF and BIS papers to set global crypto framework, says G20
The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global...
G20 key financial stability priority
The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency discussed key financial stability and regulatory priorities. India urged member nations to understan...
India Calls For Unified International Crypto Policy at G20 Conference
9 seconds ago | 2 mins read Bitcoin News India asked other countries to consider the long-term effects of crypto assets. Sitharaman ended by stressing the need for G20 cooperation on crypto regulation...
India US Discuss Crypto Before G20 Summit
Crypto News: Indian Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen discussed crypto ahead of the G20 summit being held in the tech hub Bangalore. There have been discussi...
G20 Meeting of Financial Chiefs Likely to Discuss Common Approach to Crypto Regulations: Report
The first Finance Ministers and Central Bank Governors Meeting of G20 under India’s presidency, taking place from February 23 to 25 at Bengaluru, is expected to discuss cryptocurrencies, among other i...
G20 To Discuss How to Regulate Cryptocurrencies
Join Our Telegram channel to stay up to date on breaking news coverage The last decade and a half have seen a steep rise in the use and proliferation of cryptocurrencies, leading to a corresponding ri...
G20 Financial Stability Board Report Flags DeFi ‘Vulnerabilities’
A new report from the Financial Stability Board takes aim at the world of decentralized finance (DeFi), adding that the “rapidly evolving” niche “does not differ substantially from t...
India Having ‘Detailed Discussions’ With G20 Members on Crypto Regulation – Regulation Bitcoin News
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 re...
G20 Nations Looking at Creating Global Crypto Asset Regulation: Report
The world’s biggest economies are reportedly exploring the idea of collectively regulating cryptocurrencies. According to Reuters, the Group of Twenty (G20), whose members account for around 90% of th...
India Seeks to Explore Crypto Regulation Via G20
37 mins ago | 2 mins read Bitcoin News India with G20 looking for cryptocurrency legislation. Nirmala Sitharaman pointed out that one country alone cannot do anything. Despite the challenging global ...
India Discusses Global Crypto Regulation at G20
On Saturday, the Finance Minister of India, Nirmala Sitharaman, said that the country is discussing ways to develop a global regulatory framework for cryptocurrencies with the Group of 20 (G20) member...
G20 Group Takes Up Crypto Regulation; Says Finance Minister
Nirmala Sitharaman told that the G20 Group has been discussing about taking up crypto regulation collectively. She added that the Government of India has been taking efforts to introduce crypto regula...
G20 exploring coordinated crypto regulation: Reuters
Nirmala Sitharaman, finance minister of current G20 president India, said the group of major economies is exploring whether it can coordinate on crypto regulation. Sitharaman — whose government,...
India Reveals IMF Is Working With G-20 for Crypto Regulations
“Whilst recognizing the central bank as the authority for issuing crypto currency, the rest of the assets which are being created outside which are using very useful financial technologies, even...
India States IMF is Working with G20 for Crypto Regulation plan
Indian EA official Ajay Seth revealed that the IMF is working on a paper focussing on crypto assets in consultation with India. Indian government is helping Financial Stability Board to ensure that th...
India envisions a unified G20 approach to crypto regulation – Cryptopolitan
On Thursday, Economic Affairs Secretary Ajay Seth stated that India is working closely with the Financial Stability Board (FSB) to reach a consensus on regulations for virtual assets during India’s G2...
India Pushing For Global Crypto Regulations With G20 Presidency
Bitcoin News The 172-page report touches on topics including blockchain-based assets. The volatility in the crypto assets market was cited as one of the major dangers. This past Thursday, the Reserve ...
Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency – Regulation Bitcoin News
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 ...