India States IMF is Working with G20 for Crypto Regulation plan

• Indian EA official Ajay Seth revealed that the IMF is working on a paper focussing on crypto assets in consultation with India.
• Indian government is helping Financial Stability Board to ensure that the crypto regulatory framework is ‘agreed upon’ among the G-20 members.
• A 135-minute seminar on crypto assets on the policy response will be held at a G-20 meeting later this month.

According to the latest reports, India revealed that the International Monetary Fund (IMF) is working with G20 on a framework that would define crypto regulations.

On Thursday, Economic Affairs Secretary Ajay Seth revealed that the IMF is working on a paper in consultation with India which will address monetary policies and the policies on crypto assets.

Seth added that the government is also cooperating with the Financial Stability Board (FSB) to make sure that the policies and regulatory framework for digital assets are ‘agreed upon’ among the G-20 members.

Speaking more about the revelation, Ajay Seth added:

We had a one-and-a-half-day workshop. Thereafter, they are drafting a paper for a seminar, which will be conducted on the side-lines of G20 Finance Ministers and Centr…

The post India States IMF is Working with G20 for Crypto Regulation plan appeared first on Coin Edition.