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The Group of 20 economic summit has added the African Union as a permanent member, Indian President Narendra Modi announced Saturday, as the group gaveled in its annual meeting in New Delhi, India. The G-20 now includes 21 members — 19 individual member states plus the European and African Unions. Adding the African Union has…
President Biden is set to travel to the Group of 20 (G20) summit on Thursday, a high-stakes meeting that will taken on a new look with Chinese President Xi Jinping skipping the event. The summit is an opportunity for Biden to show leadership on the international stages and further warm relations with India, the host…
” FSB, IMF and BIS papers to set global crypto framework, says G20 “ The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies…
” U.S. Treasury Janet Yellen calls for ‘strong regulatory framework’ for crypto activities “ United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25. Speaking to Reuters, Yellen said that it was “critical to put in place a strong regulatory framework.”…
” Coordinated global crypto policies: G20 key financial stability priority “ During the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency, the members were invited to discuss key financial stability and regulatory priorities, among other policy approaches. India urged member nations to build and understand the macro-financial implications of crypto…
” Many stablecoins fall short of coming regulatory recommendations, says FSB chair “ Financial Stability Board (FSB) chair Klaas Knot has outlined how the organization plans to address key threats to financial stability this year in a Feb. 20 letter sent to the G20’s finance ministers and central bank governors. Crypto assets and decentralized finance…
” The world must take a ‘collective action’ approach to regulations – suggests India’s Finance Minister “ India’s Finance Minister, Nirmala Sitharaman, stated that regulation “cannot be done” by a single country, it requires “collective action,” in a recent television interview. Speaking to Rahul Joshi on CNBC-TV18 in India on Feb. 3, Sitharaman noted that…
” Crypto regulation is 1 of 8 planned priorities under India’s G20 presidency, says finance minister “ India’s Finance Minister Nirmala Sitharaman said she would love to show that the country is “moving speedily forward” with digital financial technology as it prepares to assume the presidency of the G20. Speaking at the Indian Council for…
” India aims to develop crypto SOPs during G20 presidency, says finance minister “ The finance minister of India, Nirmala Sitharaman, revealed India’s plan to develop standard operating procedures (SOPs) for cryptocurrencies during its G20 presidency, from Dec. 1, 2022, to Nov. 30, 2023. Sitharaman has previously called for global collaboration to decide on crypto’s…
“#Justin Trudeau says he’s disappointed by the G20 climate deal” Politics Insider for Nov. 1, 2021: A watered-down climate agreement; secret Liberal-NDP talks in Ottawa; Whip work Justin Trudeau said Sunday that Canada wanted a stronger climate deal than what leaders agreed at the G20 summit in Rome, CP’s Mia Rabson reports: “There’s no question…