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Nirmala Sitharaman ahead of India’s G20 Presidency with US Treasury Secretary Janet Yellen. (Indian Finance Ministry)

Bank Collapses Underscore G-20 Hesitance on Crypto: Source

As the current president of the G-20, India has the power to ask international bodies tasked with framing the global crypto rules to factor in recent bank collapses.

By Amitoj Singh

Mar 13, 2023 at 3:55 p.m. UTC

Mar 13, 2023

regulationsG20BankCryptoIndia

IMF Managing Director Kristalina Georgieva (Helene Braun)

IMF Had Warned G-20 Widespread Crypto Use Would Impact Banks

"Finally, banks may lose deposits and have to curtail lending," the report made available to the G-20 in February said.

By Amitoj Singh

Mar 13, 2023 at 8:02 a.m. UTC

Mar 13, 2023

regulationsIMFCryptobanksReportsIndiaG20

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Global Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G-20 Meetings

The paper is expected to be ready by September.

By Amitoj Singh

Feb 25, 2023 at 3:30 p.m. UTC

Feb 25, 2023

regulationsCryptoG20India

MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions

With “scientific sustainability” as a core principle, an early draft of the proposed Maker constitution would, if approved, play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.

By Sage D. Young

Feb 3, 2023 at 8:14 p.m. UTC

Feb 3, 2023

MakerDAOClimate ChangeRune ChristensensustainabilityDAIG20

CDCROP: Nirmala Sitharaman ahead of India’s G20 Presidency with US Treasury Secretary Janet Yellen. (Indian Finance Ministry)

Policy

Regulations

India Reveals IMF Is Working With G-20 for Crypto Regulations

Ajay Seth, secretary, Department of Economic Affairs, said crypto assets are not illegal in the country.

By Amitoj Singh

Feb 3, 2023 at 7:50 a.m. UTC

Feb 3, 2023

regulationsIndiaCryptoIMFG20

Consensus Magazine

Policy week 2023

India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?

As this year's president of the intergovernmental forum, India can dictate how developed countries think about the future of crypto regulation, says CoinDesk's Amitoj Singh.

By Amitoj Singh

Jan 24, 2023 at 5:01 p.m. UTC

Jan 24, 2023

Policy Week 2023IndiaG20Regulation