India sides with the guidelines, written by the FSB, the Financial Action Task Force (FATF) and International Monetary Fund (IMF).
India, the nation currently presiding in the G20, supported the Financial Stability Board’s recommendations for the global crypto framework, published in July. The country also emphasises the necessity of dealing with digital assets’ risks for developing economies.published
on the page of G20, an intergovernmental forum of the 20 largest economies in the world. The document concurs with the guidelines, written by the FSB, the Financial Action Task Force and International Monetary Fund . However, the Presidency Note suggests some additions. Among them is an emphasis on developing countries — while the IMF pays attention to developing economies’ specifics in its potential guidelines for crypto, India urges FSB to implement them as well. It also calls for outreach to all jurisdictions to “generate awareness of risks,” starting from countries with higher crypto adoption, and to extend the future regulatory approach to the digital economy beyond the G20 scope.
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