“Today are the first days. We have flag points, which are larger templates, so we can provide a template for countries to decide what their legal frameworks and other things should be. So , it’s too early and will probably become a little more clear in the early stages of the Brazilian presidency,” she said.
Finance Minister Nirmala Sitharaman said on Wednesday that the International Monetary Fund (IMF), Financial Stability Board (FSB) and Financial Action Task Force (FATF) will update G20 member countries and other countries on the progress of implementing the G20 Cryptoassets Roadmap. He said it would be updated regularly. Speaking after the virtual G20 summit before the end of India’s G20 Presidency, Sitharaman said there was no timetable yet for countries to implement the roadmap, but there would be more clarity in the early stages of Brazil’s next Presidency.
“The G20 has formally adopted the (Cryptoassets) Roadmap. However, the Indian Presidency will also collaborate with the Brazilian Presidency. The IMF, FSB and FATF will regularly update the progress and implementation of the G20 Cryptoassets Roadmap. “We need to inform the G20 accordingly,” she said.
During the summit discussion, he stressed the need to liaise with the FSB, G20 and other countries to ensure effective mechanisms in each country, not only G20 countries but also other countries, especially FSB member states. He said there is. She said each country plans to establish one to ensure “no gaps in the management of crypto assets.”
“Today are the first days. We have flag points, which are larger templates, so we can provide a template for countries to decide what their legal frameworks and other things should be. So , it’s too early and will probably become a little more clear in the early stages of the Brazilian presidency,” she said.
In September, at the request of India’s G20 Presidency, the IMF and FSB released a policy paper opposing a complete ban on crypto assets. Instead, it was proposed to introduce a licensing system that would impose anti-money laundering and anti-terrorist financing standards on crypto asset platforms.
For more information visit at https://happenrecently.com/zepto/?amp=1
