By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Magadh Today - Beyond HeadlinesMagadh Today - Beyond HeadlinesMagadh Today - Beyond Headlines
  • Home
  • India
  • Editorial
  • Opinion
  • Global
  • Technology
  • Science
  • Asia
  • Business
  • Finance
Reading: IMF, others to give G20 regular updates on crypto roadmap implementation: FM
Share
Notification Show More
Aa
Magadh Today - Beyond HeadlinesMagadh Today - Beyond Headlines
Aa
  • India
  • Economy
  • Politics
  • Business
  • Technology
  • Finance
  • Editorial
  • Opinion
  • Science
  • Home
  • Technology
  • Business
  • Economy
  • Politics
  • Science
  • Sitemap
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Magadh Today - Beyond Headlines > Latest News > Economy > IMF, others to give G20 regular updates on crypto roadmap implementation: FM
Economy

IMF, others to give G20 regular updates on crypto roadmap implementation: FM

Gulshan Kumar
Last updated: 2023/11/23 at 3:32 PM
By Gulshan Kumar 2 years ago
Share
SHARE

New Delhi— Finance Minister Nirmala Sitharaman confirmed that the G20 has officially adopted the crypto roadmap, emphasizing that the International Monetary Fund (IMF), Financial Stability Board (FSB), and Financial Action Task Force (FATF) will provide frequent updates on the progress and implementation of the G20 crypto assets roadmap.

Addressing the media at the conclusion of the virtual G20 Leaders’ Summit on November 22, Sitharaman stated, “The IMF, FSB, and the FATF will be required to provide regular updates to the G20 regarding the progress and implementation of the G20 roadmap on crypto assets.”

The joint synthesis paper submitted to the G20 in September by the IMF and FSB outlined policy recommendations and standards to address risks associated with crypto-asset activities. The IMF aims to collect “test” data on crypto used for payments by the end of 2025, and the synthesis paper presented a comprehensive policy implementation roadmap.

Sitharaman highlighted the necessity of establishing an effective mechanism in each country to control crypto assets, involving not only G20 countries but also FSB members, totaling more than a hundred countries.

When questioned about India’s timeline for framing its crypto laws beyond the roadmap, Sitharaman stated, “At this stage beyond that, there is no timeline given… When we move to the Brazilian presidency, given the momentum that the crypto assets issue has picked up in G20, if there is anything emerging, we will know at that time.”

Regarding Prime Minister Narendra Modi’s proposal for a global Social Impact Fund to spread digital public infrastructure, Sitharaman mentioned that the exact contours of the fund are yet to be finalized.

The G20 Leaders’ Summit concluded India’s presidency, marking the end of discussions on critical global financial matters.

 

You Might Also Like

Is India Ready for a Trade War with the USA? Not Yet, But It May Have To Be!

Explained:How Excessive Summer Heat Is Driving Inflation in India

India may consider new poverty line: Bibek Debroy

Modi Government Raises Paddy MSP to ₹2,300 per Quintal, Provides Major Relief to Farmers

Budget terminology explained

Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Copy Link Print
Previous Article FM weighs in on retail loan measures, says RBI knows where the ‘thin line’ lies
Next Article Union minister Giriraj Singh writes to Bihar CM urging for ban on halal products
about us

Your daily dose of news and updates on politics, culture, and events around the globe. Stay informed, stay connected!

Quick Links

  • Home
  • Sitemap
  • Contact
  • About
  • Privacy Policy
  • Terms and Conditions
Magadh Today - Beyond HeadlinesMagadh Today - Beyond Headlines
© Magadh Today Network. All Rights Reserved.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?