India's G20 (g20org) presidency note, an input for framing global crypto rules, has been made public and includes seven action points. By amitoj.
The note revealed that the synthesis paper is expected at the end of August, less than two weeks before the G20 Leaders' Summit. On July 18, an IMFThe note asks that the synthesis paper include action points such as promoting the effective implementation of the FSB's recommendations and all other standard-setting bodies. Additionally, the note asks that macro-financial implications and risks specific to Emerging Markets and Developing Economies are taken into account.
Other action points include conducting outreach to all jurisdictions to generate awareness of risks, starting with the regions which have seen higher adoption of crypto assets and involving non-G20 members and handing responsibility to coordinate the work around global crypto rules to the IMF and FSB.ahead of the Finance Ministers and Central Bank Governors meeting in India last month through Ajay Seth, a senior official of the Indian Finance Ministry.
"G20 members sought changes to the note, given any document from India as the current president of the G20 should reflect the collective consideration of members," two people familiar with the matter told CoinDesk after the event.
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