“Finance Minister Sitharaman emphasizes global consensus needed for regulating crypto assets”

Date:

Finance Minister Nirmala Sitharaman spoke about regulating crypto assets and the need for global consensus during a series of events in Bengaluru. She emphasized that without every nation’s agreement, any regulation on crypto assets would be ineffective. As India holds the G20 presidency, crypto asset regulation has been made an agenda item for the year.

The IMF and the Financial Stability Board have given papers on cryptocurrency’s impact on macroeconomic stability and financial stability, respectively. The reports will be discussed in July at the G20 meeting of Finance Ministers and Central Bank Governors. The Finance Minister also discussed widening the tax base and the global economic scenario during Covid, highlighting the effects of printed money and double-digit inflation on economies worldwide.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_img

Popular

More like this
Related

“‘Pushpa 3: The Rampage’ Revealed?”

Icon Star Allu Arjun's highly anticipated film Pushpa 2...

“Surya’s 45th Film: A Ravi Teja Remake?”

Tamil star hero Surya recently appeared on screen with...

“‘Pushpa 2’ is Unstoppable – Rajamouli”

‘Pushpa 2,’ touted as one of the biggest Indian...

Ariana, Viviana in ‘Kannappa’: A Fresh Surprise for Fans!

A new generation from the Manchu family is all...