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The world's leading economies known as the G20 announced last week at it's summit in India that they had agreed to build the necessary infrastructure to implement digital currencies and IDs.
The group said that discussions were already underway to create international regulations for cryptocurrencies, but claimed that there was "no talk of banning cryptocurrency" at the summit.
Many critics are concerned that governments and central banks will eventually regulate cryptocurrencies and then immediately replace them with central bank digital currencies (CBDCs), which lack privacy and security.
Indian Finance Minister Nirmala Sitharaman said that discussions were underway to build a global framework to regulate crypto assets since they believe cryptocurrencies can not be regulated efficiently without total international cooperation.
"India's G20 presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets," Ms. Sitharaman said before the G20 gathering.
The top items discussed at the New Delhi summit included "building Digital Public Infrastructure, Digital Economy, Cryptoassets, [Central Bank Digital Currencies]."
Gita Gopinath, the International Monetary Fund's first deputy managing director, said in a video posted on X that the G20 "helped shape a global perspective on how policymakers should deal with crypto assets."
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www.prophecynewswatch.com
The group said that discussions were already underway to create international regulations for cryptocurrencies, but claimed that there was "no talk of banning cryptocurrency" at the summit.
Many critics are concerned that governments and central banks will eventually regulate cryptocurrencies and then immediately replace them with central bank digital currencies (CBDCs), which lack privacy and security.
Indian Finance Minister Nirmala Sitharaman said that discussions were underway to build a global framework to regulate crypto assets since they believe cryptocurrencies can not be regulated efficiently without total international cooperation.
"India's G20 presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets," Ms. Sitharaman said before the G20 gathering.
The top items discussed at the New Delhi summit included "building Digital Public Infrastructure, Digital Economy, Cryptoassets, [Central Bank Digital Currencies]."
Gita Gopinath, the International Monetary Fund's first deputy managing director, said in a video posted on X that the G20 "helped shape a global perspective on how policymakers should deal with crypto assets."
More
G20 Announces Plan For Worldwide Digital ID And CBDC
The world's leading economies known as the G20 announced last week at it's summit in India that they had agreed to build the necessary infrastructure to implement digital currencies and IDs.
www.prophecynewswatch.com
