22.9 C
Sunday, December 10, 2023

G20 Summit Unifies on Cryptocurrency Regulation

India’s G20 presidency has fostered a worldwide consensus on cryptocurrency regulation, according to Finance Minister Nirmala Sitharaman. She stated, “A global consensus on regulating cryptos is emerging under India’s presidency.

” The G20’s agenda now encompasses financial inclusion and leveraging digital public infrastructure to enhance productivity. Sitharaman further explained, “We have embedded in the G20 agenda financial inclusion and productivity gains through digital public infrastructure.”

During the G20 Summit in Delhi over the weekend, global topics, including a regulatory framework for cryptocurrencies, will be addressed. India has prepared a presidential note on cryptocurrencies, providing clarity on their integration into a nation’s digital financial system.

India has long advocated for the creation of a global framework for decentralized financial products to combat their potential misuse for terrorism financing and money laundering.

Sitharaman also mentioned ongoing discussions and the consideration of content-rich papers from institutions like the IMF, FSB, and OECD on various cryptocurrency-related issues.

Next Article

Related Articles

Syed Salahuddin Presents Indian Republic Day Kavi sammelan and Mushairah 2024 – A Grand Extravaganza of Poetic Brilliance: Marking Indian Republic Day on Foreign...

In a splendid celebration of the rich tapestry of Urdu and Hindi poetry and literature, Mr. Syed Salahuddin is gearing up to host the...

Tahbib: Navigating a Global Literary Odyssey with Leading Edge Events

In the luminous realm where art, language, and culture converge, Mr. Tariq Faizi's Leading Edge organization orchestrated a three-day symposium presided over by the...

Vietnam: Sirius Takes the Lead in Catalyzing Digital Transformation and Technological Innovation-1

Sirius International Holding, a subsidiary of International Holding Company (IHC), has signed a Memorandum of Understanding (MoU) with Vietnam's National Digital Transformation Authority. This...

Rapid Supplies Introduces the Middle East’s Inaugural Brick-and-Click HORECA Store in Dubai, Initiating a Paradigm Shift in the Industry

Rapid Supplies, a prominent hotel and restaurant supplier in the Middle East, celebrated a momentous occasion with the grand opening of its cutting-edge Brick...

Meta Introduces End-to-End Encryption for Facebook Messenger-1

End-to-End Meta, the parent company of Facebook, has unveiled the implementation of end-to-end encryption for calls and messages on its Facebook and Messenger platforms....

Latest Articles