G20 crypto update

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G20 Summit 2023: Common Framework On Crypto Assets Likely During G20 Summit
As India's G20 presidency focuses on regulating crypto assets, among other key things, the International Monetary Fund (IMF) has taken a pivotal. The finance minister emphasised that the G20 has formally adopted the crypto regulation roadmap, which outlines a framework for addressing the. The roadmap, based on recommendations by the IMF and FSB, focuses on regulations rather than a ban to prevent crypto assets from destabilizing.

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The IMF-FSB paper outlines the risks of a lack of regulation in the crypto industry, which include insider trading, fraud, market manipulation, and environmental risks. July : Nirmala Sitharaman during a Parliamentary question said the ban on cryptocurrencies could be effective only with international collaboration on the risks, benefits, evolution of common taxonomy and standards. Worry not. Avail Offer.