In accordance with reviews, Prime Minister of India Narenda Modi participated in cryptocurrency discussions on the just lately held G20 Summit in Osaka, Japan. The leaders of the G20 international locations, together with Indian Finance Minister Nirmala Sitharaman, collectively declared a dedication to the regulatory requirements arrange by the Monetary Motion Process Pressure (FATF). However the FATF requirements will not be binding on member international locations. Will India proceed on its path in direction of a cryptocurrency ban? Or will the G20 discussions drive Narendra Modi and the Indian regulators to alter their stance in direction of cryptocurrencies?
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References:
Modi Mentioned Crypto Requirements at G20 Summit – A Take a look at How They Apply to India: https://information.bitcoin.com/modi-discussed-crypto-standards-g20-summit-india/
FATF Says all Cryptocurrency Exchanges Should Share Information: https://cryptodost.io/information/fatf-says-all-cryptocurrency-exchanges-must-share-data.html
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