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Members of the G20 discussed a complete ban on crypto during recent meetings.
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Reserve Bank of India (RBI) Governor Shaktikanta Das confirmed this during the meetings.
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India proposed a joint technical paper by the International Monetary Fund (IMF) and...
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Switzerland-based Financial Stability Board (FSB) to synthesise macroeconomic and regulatory perspectives of crypto-assets
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The aim is to help formulate policies for the crypto space.
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There was a recognition and acceptance of the fact that crypto posed a major risk to financial stability and monetary systems.
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Cybersecurity issues were also a major concern.
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India is seeking international collaboration to regulate crypto given the cross-border scale, scope, and challenges presented by it.