Under India’s G20 presidency, discussions are underway to establish a global framework for cryptocurrencies. Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations among G20 member states. India’s Minister of Finance Nirmala Sitharaman confirmed this during the Global Fintech Fest on Sept 5, noting that crypto is both a threat and an opportunity. She highlighted the need for global cooperation to build a responsible financial ecosystem that can effectively regulate cryptocurrencies worldwide.The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have submitted their synthesis papers on cryptocurrency. India’s rising interest in blockchain and crypto is further evidenced by the National Payments Corporation Of India’s (NPCI) recent job posting for a head of blockchain.In order to protect crypto in a volatile market, Bitcoin OGs and experts have weighed in with their advice.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇮🇳 🇺🇸 🇯🇵 🇩🇪 🇫🇷 🇬🇧 🇦🇷 🇦🇺 🇧🇷 🇨🇦 🇨🇳 🇮🇩 🇮🇹 🇲🇽 🇸🇦 🇿🇦 🇹🇷 |
| Sentiment | neutral |
| Relevance Score | 10 |
| People | IMF, FSB, Narendra Modi, Nirmala Sitharaman, RBI |
| Companies | IMF, FSB, National Payments Corporation Of India, NPCI, OECD |
| Currencies | None |
| Securities | None |
