Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 (G20) member countries that any new regulations on the crypto assets need to be globally coordinated. “I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets … Read more
Finance Minister Nirmala Sitharaman has said India’s G20 presidency aims to develop a common framework for all countries to deal with risks associated with cryptocurrencies in the wake of the recent shocks witnessed in the crypto market. The last year’s episode of FTX‘s bankruptcy, and its spat with Binance triggered a huge sell-off in the … Read more
India, under its ongoing G20 Presidency, is spearheading the process of formulating crypto laws that would work uniformly on an international level and make the sector safer against crimes and misuse. In a fresh development, Indian finance minister Nirmala Sitharaman has disclosed that the three-month period between April and July will be crucial in giving … Read more
United States Treasury Secretary Janet Yellen on Saturday said that technology companies like Apple and Google have expanded their phone production in India, and as the US looks forward to the future, she is eager to deepen ties in the technology sector. United States Treasury Secretary Janet Yellen was speaking at the roundtable with US … Read more
A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks. India has said it wants a collective global effort to deal with problems posed by cryptocurrencies such as … Read more
Prime Minister Narendra Modi on Friday said India’s digital payments ecosystem has radically transformed governance, financial inclusion and ease of living in the country. With the aim to foster global economic cooperation, the first G20 Finance Minister and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday. Union Finance Minister Nirmala Sitharaman … Read more
Indian Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said. Yellen is expected to brief reporters later in the day and take part in a meeting of Group of … Read more
G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later this week, Indian officials said on Tuesday. The February 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India’s G20 presidency. The meeting straddles … Read more
Prime Minister Narendra Modi and Singaporean counterpart Lee Hsien Loong will witness the launch and linkage of cross-border connectivity between the Unified Payments Interface (UPI) of India and PayNow of Singapore on Tuesday. The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient … Read more
The Reserve Bank on Friday issued instructions permitting travellers from G20 nations to use the mobile-based Unified Payments Interface (UPI) to make payments while in India. UPI is a system that bunches multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments under a common platform. On … Read more