{"id":556388,"date":"2023-02-25T10:04:00","date_gmt":"2023-02-25T07:04:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coordinated-global-crypto-policies-g20-key-financial-stability-priority\/"},"modified":"2023-02-25T10:04:00","modified_gmt":"2023-02-25T07:04:00","slug":"coordinated-global-crypto-policies-g20-key-financial-stability-priority","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coordinated-global-crypto-policies-g20-key-financial-stability-priority\/","title":{"rendered":"# Coordinated global crypto policies: G20 key financial stability priority"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26247f96e53\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26247f96e53\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/coordinated-global-crypto-policies-g20-key-financial-stability-priority\/#%E2%80%9D_Coordinated_global_crypto_policies_G20_key_financial_stability_priority_%E2%80%9C\" >&#8221; Coordinated global crypto policies: G20 key financial stability priority &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Coordinated_global_crypto_policies_G20_key_financial_stability_priority_%E2%80%9C\"><\/span>&#8221; Coordinated global crypto policies: G20 key financial stability priority &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>During the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India\u2019s presidency, the members were invited to discuss key financial stability and regulatory priorities, among other policy <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches. India urged member nations to build and understand the macro-financial implications of crypto assets and recommended formulating a coordinated global policy.<\/p>\n<p>India\u2019s Finance Minister, Nirmala Sitharaman, has historically supported the idea of creating crypto regulations in partnership with other jurisdictions \u2014 given the global reach of crypto assets. Under India&#8217;s G20 Presidency, this narrative is now a part of mainstream discussions.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/4042d21b-6c95-48ce-9d98-91396407da76.jpeg\"><figcaption style=\"text-align: center;\"><em>India&#8217;s Finance Minister Nirmala Sitharaman during FMCBG meeting in Bengaluru. Source: Ministry of\u00a0Finance.<\/em><\/figcaption><\/figure>\n<p>During the FMCBG meeting held on Feb. 24 and 25, G20 members discussed the potential of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> innovations while emphasizing balancing associated risks. Key discussions included financial stability and regulatory priorities, policy approaches for advancing financial inclusion and productivity gains for the G20.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Union Finance Minister Smt. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nsitharaman?ref_src=twsrc%5Etfw\">@nsitharaman<\/a> &amp; Shri <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DasShaktikanta?ref_src=twsrc%5Etfw\">@DasShaktikanta<\/a>, Governor <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RBI?ref_src=twsrc%5Etfw\">@RBI<\/a> steered <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/G20?src=hash&amp;ref_src=twsrc%5Etfw\">#G20<\/a> discussions in 2nd session on key financial sector and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FinancialInclusion?src=hash&amp;ref_src=twsrc%5Etfw\">#FinancialInclusion<\/a> issues during the 1st <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/G20?src=hash&amp;ref_src=twsrc%5Etfw\">#G20<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FMCBG?src=hash&amp;ref_src=twsrc%5Etfw\">#FMCBG<\/a> meeting under <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/G20India?src=hash&amp;ref_src=twsrc%5Etfw\">#G20India<\/a> Presidency, in Bengaluru, today. (1\/6) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bRtFmrBL9x\">pic.twitter.com\/bRtFmrBL9x<\/a><\/p>\n<p>\u2014 Ministry of Finance (@FinMinIndia) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FinMinIndia\/status\/1629136338384744448?ref_src=twsrc%5Etfw\">February 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In her closing remarks, Sitharaman welcomed support for reforms related to crypto assets. Specifically, the finance minister called for a coordinated effort \u201cfor building and understanding of the macro-financial implications,\u201d which could be used to build global crypto reforms.<\/p>\n<p>She further thanked the International Monetary Fund (IMF) for releasing a comprehensive paper on the macro-financial implications of crypto assets. On an end note, Sitharaman underlined the need for coordination among the G20 nations \u201cto support responsible technological innovations and safeguard stability of the financial system.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>India expands national payment network to Singapore: What\u2019s in it for crypto?<\/em><\/strong><\/p>\n<p>The Board of Control for Cricket in India (BCCI) recently released a 68-page advisory asking the Women\u2019s Premier League to refrain from crypto advertising and sponsorships:<\/p>\n<blockquote><p>\u201cNo franchisee shall undertake a partnership or any kind of association with an entity that is in any way connected\/related to an entity that is involved\/operates, directly or indirectly, in the cryptocurrency sector.\u201d<\/p><\/blockquote>\n<p>This follows a ban for the men\u2019s cricket Premier League, introduced in 2022. Before the ban, the Indian Premier League had collaborated at least with two local crypto exchanges \u2014 CoinSwitch Kuber and CoinDCX.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coordinated-global-crypto-policies-g20-key-financial-stability-priority\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Coordinated global crypto policies: G20 key financial stability priority &#8220; During the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India\u2019s 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":556389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/1984ec30-13fa-4b15-b52c-00ac2763341d.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,88323,75268,74355,70610,17318,70934],"class_list":["post-556388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-financial-systems","tag-g20","tag-adoption","tag-finance","tag-india","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=556388"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/556389"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=556388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=556388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=556388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}