Indian PM Modi calls for global cryptocurrency framework at G20 Summit

Posted under: Fintech
Date: 2023-09-04
Indian PM Modi calls for global cryptocurrency framework at G20 Summit

Indian Prime Minister Narendra Modi, as the president of the G20, has called for global collaboration in formulating cryptocurrency regulations. He emphasized that emerging technologies like blockchain and crypto have a global impact and should be regulated on a global scale, similar to common rules in the aviation industry. India, under its G20 presidency, has expanded discussions on crypto beyond financial stability, aiming to consider broader macroeconomic implications, especially for emerging markets. India's input on the global crypto framework aligns with guidelines from organizations like the Financial Stability Board, the Financial Action Task Force, and the International Monetary Fund. India’s G20 presidency expanded the crypto conversation beyond financial stability to consider its broader macroeconomic implications, especially for emerging markets and developing economies. Our presidency also hosted enriching seminars and discussions, deepening insights into crypto assets.

Read more at: cointelegraph.com