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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
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India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
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IMF-FSB, Regulators Set Out Roadmap to Coordinate Global Cooperation on Crypto Asset Regulation
The International Monetary Fund (IMF) and global financial regulators are seeking to increase international cooperation and information sharing by IMF and G20 group members on regulating crypto assets. The global financial agency also states that benefits of crypto assets like cheaper and faster cross-border payments, and increased financial inclus...
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IMF Teams up with India to Formulate Global Level Crypto Laws Under G20 Framework
The International Monetary Fund (IMF) is helping India formulate the rules around cryptocurrencies, that would be relevant and useable by many nations at a time. The IMF is working on a consultation paper that would list the base for potential crypto laws.
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IMF Says Proof-of-Stake Approach Could Give Crypto Exchanges, Wallet Providers Too Much Decision-Making Power
The International Monetary Fund (IMF) has highlighted flaws surrounding the proof-of-stake (PoS) approach to blockchain infrastructure. The potential issues of the PoS mechanism raised by the IMF is part of a recent paper that made suggestions for a regulatory framework that could limit global digital asset risks.
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Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
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India Finalising Consultation Paper on Cryptocurrencies, Says DEA Secretary Ajay Seth
The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, says Economic Affairs Secretary Ajay Seth. He also underlined the need for a global response to deal with issues concerning cryptocurrencies as these operate in the virtual world.
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PM Free Ration Scheme Kept Extreme Poverty Lowest During Pandemic 2020: IMF
Pradhan Mantri Garib Kalyan Yojana (PMGKAY), which provides free foodgrains to poor people, played a key role in keeping extreme poverty in India at the lowest level of 0.8 per cent during the pandemic-hit 2020, according to a working paper of IMF.
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International Monetary Fund Paper Counters Raghuram Rajan on Easy Policy Being Recipe for Crisis
With Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an International Monetary Fund (IMF) research paper has countered his views.
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
-
IMF-FSB, Regulators Set Out Roadmap to Coordinate Global Cooperation on Crypto Asset Regulation
The International Monetary Fund (IMF) and global financial regulators are seeking to increase international cooperation and information sharing by IMF and G20 group members on regulating crypto assets. The global financial agency also states that benefits of crypto assets like cheaper and faster cross-border payments, and increased financial inclus...
-
IMF Teams up with India to Formulate Global Level Crypto Laws Under G20 Framework
The International Monetary Fund (IMF) is helping India formulate the rules around cryptocurrencies, that would be relevant and useable by many nations at a time. The IMF is working on a consultation paper that would list the base for potential crypto laws.
-
IMF Says Proof-of-Stake Approach Could Give Crypto Exchanges, Wallet Providers Too Much Decision-Making Power
The International Monetary Fund (IMF) has highlighted flaws surrounding the proof-of-stake (PoS) approach to blockchain infrastructure. The potential issues of the PoS mechanism raised by the IMF is part of a recent paper that made suggestions for a regulatory framework that could limit global digital asset risks.
-
Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
-
India Finalising Consultation Paper on Cryptocurrencies, Says DEA Secretary Ajay Seth
The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, says Economic Affairs Secretary Ajay Seth. He also underlined the need for a global response to deal with issues concerning cryptocurrencies as these operate in the virtual world.
-
PM Free Ration Scheme Kept Extreme Poverty Lowest During Pandemic 2020: IMF
Pradhan Mantri Garib Kalyan Yojana (PMGKAY), which provides free foodgrains to poor people, played a key role in keeping extreme poverty in India at the lowest level of 0.8 per cent during the pandemic-hit 2020, according to a working paper of IMF.
-
International Monetary Fund Paper Counters Raghuram Rajan on Easy Policy Being Recipe for Crisis
With Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an International Monetary Fund (IMF) research paper has countered his views.
