The post G20 Summit 2023 : Major Decision on cryptocurrency, Agreement on Creating Global Regulatory Framework appeared first on Coinpedia Fintech News
The G20 leaders, in the Delhi Declaration, have backed the FSB’s recommendations for regulating cryptocurrencies. They also stressed their commitment to keeping a close eye on the risks of the fast-changing crypto world.
During a G20 meeting in New Delhi, leaders from many countries agreed to create a clear set of rules for cryptocurrencies. To make digital money more transparent, they also agreed to share information between countries.
A consensus declaration signed by G20 leaders read, “We call for the swift implementation of the Crypto-Asset Reporting Framework (CARF) and amendments to the CRS [Common Reporting Standard]. We ask the Global Forum on Transparency and Exchange of Information for Tax Purposes to identify an appropriate and coordinated timeline to commence exchanges by relevant jurisdictions.”
Right before the G20
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