IMF & FSB Team Up For Crypto Future Under India's G20 Presidency
India’s Take On Global Crypto Regulations The G20’s actions offer valuable input for the International Monetary Fund (IMF)-Financial Stability Board (FSB) Synthesis Paper, expected to be published at the end of August. This significant paper aims to encapsulate a comprehensive understanding of financial system risks, including macro-financial, financial stability, and financial integrity risks. The Paper will champion a coordinated and comprehensive policy and regulatory framework for crypto-assets, setting global minimum standards for jurisdictions worldwide. advertisement Considerable groundwork on regulatory standards for crypto-assets has already been laid by the G20, with expert reports and standards developed by International Organizations (IOs) and Standard Setting Bodies (SSBs) addressing crucial aspects of crypto-assets. The FSB and the Financial Action Task Force (FATF) have issued comprehensive recommendations to mitigate risks associ...