News from G20 countries


Finance ministers and central bank governors of the G20 countries, currently chaired by India, have adopted a roadmap for implementing crypto regulation.

The plan, urged to be implemented promptly, involves addressing data gaps, extending coverage to non-G20 nations, and fostering global coordination, cooperation, and information exchange.

The Bank for International Settlements (BIS) previously advocated for cryptocurrency regulation instead of a ban, emphasizing the importance of avoiding obstacles to innovation.

The International Monetary Fund (IMF) also deemed a cryptocurrency ban as a suboptimal approach to risk reduction, as it would hinder the benefits of this asset class.

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