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EU Council Adopts New Rules for Europe’s Crypto Markets
18.5.2023
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin....
EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off
16.5.2023
The EU's Council unanimously approved the landmark Markets in Crypto Assets (MiCA) regulation and new anti-money laundering measures for crypto transfers
G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week
15.5.2023
Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies
G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required
16.4.2023
The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto assets will have to be global,” she stressed, adding that the G20 finance chiefs’...
ASEAN Countries Take Steps to Reduce Reliance on US Dollar for Trade Settlements
4.4.2023
The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed...
G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor
28.2.2023
The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over...
Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’
27.2.2023
U.S. Treasury Secretary Janet Yellen says “it is critical to put in place a strong regulatory framework” for crypto on the sidelines of the G20 meeting for finance ministers and central bank governors. “We haven’t suggested outright banning of crypto activities,”...
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy
26.2.2023
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation...
India to Introduce Measures Around Crypto This Year, Says Government Official
6.2.2023
The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulation will be discussed in her upcoming G20 meeting of finance ministers...
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
19.1.2023
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default...
European Finance Ministers Take Stock of Digital Euro Progress
17.1.2023
The Eurogroup, a body comprising the Finance Ministers of Eurozone countries, has made public several views after its meeting to take stock of the progress of the project to investigate the EU's central bank digital currency called the digital euro
EU finance ministers’ group releases statement on political aspects of digital euro
16.1.2023
The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making
Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price Controls
7.9.2022
With the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin...
G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October
12.7.2022
The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. FSB to Present Robust Crypto Regulatory Framework to G20 in October...
G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation
21.5.2022
The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation...
G7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
19.5.2022
G7 ministers meeting in Germany want the Financial Stability Board to act faster after the collapse of stablecoin terraUSD
Crypto Businesses Ask 27 EU Finance Ministers to Loosen Disclosure Requirements
23.4.2022
Forty-six European crypto businesses and organizations have asked finance ministers in 27 European countries to loosen some regulatory requirements for the crypto industry. For example, they asked for decentralized finance (defi) projects to be excluded from the requirements to register as legal...
Digital Euro Will Have Privacy Safeguards, European Finance Ministers Say
4.4.2022
Ministers are discussing policy options for the central bank digital currency though no formal decision to issue one has been taken
EU is ‘taking measures’ against Russia using crypto to bypass sanctions, say finance ministers
2.3.2022
“When it comes to economic and financial sanctions, we want to remain flexible and mobilized,“ said France’s finance minister, Bruno Le Maire
Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting
5.2.2022
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic...