Crypto needs immediate attention from …, warns Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has asserted the need to give urgent attention to issues related to crypto assets during a brainstorming session with G20 finance ministers and central bank governors.
Finance Minister Nirmala Sitharaman has asserted the need to give urgent attention to issues related to crypto assets during a brainstorming session with G20 finance ministers and central bank governors.
The session, titled “Macrofinancial Implications of Crypto Assets”, took place at the International Monetary Fund (IMF) headquarters and was attended by global experts. Sitharaman, who represented India as the current annual presidency of G20 countries, pointed out the importance of regulating the crypto sector while protecting economies from harm.
The session, titled “Macrofinancial Implications of Crypto Assets”, took place at the International Monetary Fund (IMF) headquarters and was attended by global experts. Sitharaman, who represented India as the current annual presidency of G20 countries, pointed out the importance of regulating the crypto sector while protecting economies from harm.
The minister recognized the work of the IMF and the Financial Stability Board (FSB) in bringing forward key elements of policy and regulations related to crypto assets.
The minister recognized the work of the IMF and the Financial Stability Board (FSB) in bringing forward key elements of policy and regulations related to crypto assets.
She emphasized the need for a globally coordinated policy response to cryptoassets that takes into account the full range of risks, including those specific to emerging markets and developing economies.
She emphasized the need for a globally coordinated policy response to cryptoassets that takes into account the full range of risks, including those specific to emerging markets and developing economies.
Sitharaman also called for a synthesis paper integrating macroeconomic and regulatory perspectives for cryptoassets.
Sitharaman also called for a synthesis paper integrating macroeconomic and regulatory perspectives for cryptoassets.
The G20 countries unanimously expressed the urgency of regulating this sector, which has emerged as an important point of discussion among member states.
The G20 countries unanimously expressed the urgency of regulating this sector, which has emerged as an important point of discussion among member states.
(With input from agencies)
(With input from agencies)
