RBI’s written request from the FSB and IMF was to include the ban.
Ban has not been favored in any of the G20 crypto roundtable discussions.
G20, an intergovernmental forum supported by the FSB and IMF under the Indian Presidency, set to introduce the first global crypto regulations ahead of the next summit in September. This announcement comes after the G20 revealed global rules for crypto firms with no options. Adding to that, the RBI wants to include a ban on the reports, which is denied by the FSB and IMF.
During the roundtable conference at the recent G20 meeting, the leading economic officials pushed for greater global coordination for crypto regulations. Moreover, the International Monetary Fund Managing Director, Kristalina Georgieva, has taken a stand against the outright ban on crypto.
The G20 is a premier forum for international economic cooperation. Moreover, it plays a crucial role in shaping and enhancing global architecture and governance on all major international eco
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