India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.
Many stablecoins fall short of coming regulatory recommendations, says FSB chair
The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.
Crypto regulation is 1 of 8 planned priorities under India’s G20 presidency, says finance minister
Nirmala Sitharaman’s comments came amid the Reserve Bank of India launching its digital rupee pilot program for the wholesale segment.
India aims to develop crypto SOPs during G20 presidency, says finance minister
Sitharaman has previously called for global collaboration to decide on crypto’s future and has been cautious against mainstream crypto adoption citing risks to financial stability.
Australian central bank governor favors private sector crypto technology
Phillip Lowe believes that there are risks in dealing with cryptocurrency that can be mitigated by strong regulations, but the tech should be made by private companies.
G20 regulator to present global crypto rules in October 2022
The FSB seems more concerned with the crypto market given its recent turmoil and the “increasing interconnectedness with the traditional financial system.”
IMF, World Bank and BIS champion central bank digital currencies at G20
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development.
China’s Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said.
G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says.
G20 Urges Countries to Adopt Tough FATF Rules on Cryptocurrencies
FATF’s guidance compels crypto exchanges to share user data with one another.
Bridging the Gap Between Bitcoin and Global Regulators
We need to solve the communication problem between crypto projects and regulators to build a healthy ecosystem, writes Shin’ichirio Matsuo.
All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules
The Financial Action Task Force has officially ruled that crypto firms worldwide must share client data with each other.
Regulators Debate Cryptocurrency Legislation Ahead of G20 Summit
The new rules for crypto businesses will be released in June 21 but many regulators are already worried about the repercussions.
G20 Reaffirms It Will Apply Expected Tough New FATF Rules on Crypto
The G20 has reaffirmed it will apply standards to counter money laundering and terrorism funding, soon to be finalized by the Financial Action Task Force.
Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit
Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June’s G20 meeting.
G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting
G20 leaders declared that they would regulate crypto to mitigate financial crimes in a statement after this weekend’s summit.
G20 Crypto Regulations Could Unleash Real Blockchain Change
Increased regulation, as long as it is done with industry cooperation and the aim of de-risking the broader market, will hasten blockchain adoption.
G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard
G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.
G20 Watchdog Releases Framework for ‘Vigilant’ Monitoring of Crypto Risks
The global Financial Stability Board has published its expected framework for monitoring risk in the cryptocurrency markets.