Profitability, cash flow and capital expenditure guidance reiterated
business1 day ago
A global consensus on regulating cryptocurrencies has taken shape during India’s G20 presidency, said the country’s finance minister Nirmala Sitharaman.
"A global consensus on regulating cryptos is emerging under India's presidency," she said. The G20 agenda has also been enriched with a focus on advancing financial inclusion and achieving productivity gains through digital public infrastructure. “We have embedded in the G20 agenda financial inclusion and productivity gains through digital public infrastructure,” she explained.
The G20 Summit, being held in Delhi on Saturday and Sunday, will take up several global issues including a regulatory framework for cryptocurrencies. A presidential note on cryptocurrencies has been prepared by India, offering clarity on integrating virtual digital assets into a country’s digital financial system.
India has for long called for the development of a global framework for decentralised financial products and to curb their misuse for terror funding and money laundering.
Earlier this month, Sitharaman told the Fintech Fest 2023 that “India’s presidency has laid out issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets. Active discussions are happening; content-rich papers from institutions like IMF, FSB, and OECD are all being discussed on various issues.”
ALSO READ:
Profitability, cash flow and capital expenditure guidance reiterated
business1 day ago
Swiss pharma firm has an annual capacity of 250 million tablets
business1 day ago
The total income for the period was Dh791.88 million
business1 day ago
As per the chairman of the UAE Banks Federation, the corporate tax in the Emirates is quite low compared to other countries
business1 day ago
Foreign investors took out more than $2 billion from Indian equities last week
business1 day ago
71% of consumers incorporate digital features into their shopping experiences
business1 day ago
Investors receive access to feeder funds and master funds domiciled in highly regulated jurisdictions
business2 days ago
This expansion includes strategic collaborations with key partners
business2 days ago