finance ministers – DIGIT INFO

BRICS Unified Currency Deemed Premature by Russian Official

DIGIT — Tue, 08 Oct 2024 02:46:19 +0000

Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies for trade. Ryabkov highlighted ongoing efforts to strengthen the bloc’s economic independence, with authorities actively […]

Go to Source

India Maintains Crypto Tax Regulations in 2024/25 Budget

DIGIT — Tue, 23 Jul 2024 15:16:41 +0000

Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India. Industry leaders emphasize the need for ongoing dialogue with regulators to foster a supportive environment […]

Go to Source

EU Council Adopts New Rules for Europe’s Crypto Markets

DIGIT — Thu, 18 May 2023 03:49:57 +0000

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 Finance Ministers Give Final Nod to Markets […]

Go to Source

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy

DIGIT — Thu, 19 Jan 2023 08:30:47 +0000

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 and by design.” Eurogroup to Remain Involved in […]

Go to Source

Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price Controls

DIGIT — Wed, 07 Sep 2022 19:30:54 +0000

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 disrupted the European Union’s main gas supplies. Now members of the European Commission […]

Go to Source

G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies

DIGIT — Fri, 15 Oct 2021 07:30:23 +0000

Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles for retail digital currencies and stressed that “CBDCs are not ‘cryptoassets.’” CBDCs Must […]

Go to Source

G7 Finance Chiefs to Publish Common Rules for State-Issued Digital Currencies This Year

DIGIT — Sun, 06 Jun 2021 16:00:30 +0000

The G7 finance ministers and central bank governors have met and agreed to work towards common principles for state-backed digital currencies and publish their conclusions this year. They said these digital currencies “could act as both a liquid, safe settlement asset and as an anchor for the payments system.” G7 Setting Common Rules for Central […]

Go to Source

Policymakers Meet to Finalize Global Crypto Guidance – A Look at Standards G20 Supports

DIGIT — Tue, 18 Jun 2019 04:05:29 +0000

The Financial Action Task Force has kicked off its meeting to discuss global cryptocurrency regulations which the G20 countries have committed to follow. Meanwhile, the crypto industry has raised concerns regarding some recommendations, and a meeting has been set up to coincide with the G20 summit to influence policymakers. Also read: G20 Starts Crypto Discussions […]

The post Policymakers Meet to Finalize Global Crypto Guidance – A Look at Standards G20 Supports appeared first on Bitcoin News.

Go to Source

G20 Starts Crypto Discussions – A Look at Global Standards

DIGIT — Sun, 09 Jun 2019 01:05:47 +0000

Finance ministers and central bank governors from the G20 countries have gathered this weekend for a two-day meeting ahead of the G20 summit, and cryptocurrency is among the topics of discussion. Global standard-setting bodies have submitted their policies and provided tools to help the member countries with the regulation of crypto assets in their own […]

The post G20 Starts Crypto Discussions – A Look at Global Standards appeared first on Bitcoin News.

Go to Source

24 Countries and IMF Discuss Global Standards of Crypto Regulation

DIGIT — Mon, 29 Apr 2019 09:22:32 +0000

Twenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation. “It is important to consistently implement international standards,” said the chairman of South Korea’s top financial regulator who attended the meeting. Also read: Indian Supreme Court Postpones […]

The post 24 Countries and IMF Discuss Global Standards of Crypto Regulation appeared first on Bitcoin News.

Go to Source