![]() ![]() ![]() ![]() Sitharaman said that the Financial Stability Board, or FSB, paper on crypto assets regulation will be tabled so that it could be discussed at the next meeting of the finance ministers and central bank governors, in July. And the synthesis paper, jointly produced by the International Monetary Fund and the Financial Stability Board, will be submitted in September, she said. "And this is a position that India has been taking for a very long time, and we are glad that such a position of India is now getting also acknowledgement from so many different members," the finance minister said. "Let us see, wait for the discussions to go forward, and we will see how it shapes up," Das said.įinance Minister Nirmala Sitharaman, who was also present at the press conference, said, "I am glad to say one thing–there is almost a clear understanding that anything outside the central bank is not a currency." The governor also said there were opinions expressed saying that the option of a ban or prohibition should also be considered but this is a work in progress. "Multiple options are under consideration, but it's too early to speak on what will be the eventual architecture. But yes, there were views that it should be regulated with a view to control and check its proliferation, to control its risks," Das said. BENGALURU – There is now wide recognition and acceptance to the fact that crypto-currencies involve several major risks to financial stability, monetary systems, and cyber-security, and need to be looked at, said RBI Governor Shaktikanta Das.ĭas was speaking at a press conference after the conclusion of the first G20 finance ministers and central bank governors meeting. ![]()
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