The International Monetary Fund (IMF), Financial Stability Board (FSB) and the Financial Action Task Force (FATF) will provide regular updates to G20 member nations and other countries about the progress related to implementation of the G20 roadmap for crypto assets, Finance Minister Nirmala Sitharaman said on Wednesday.
Speaking after the virtual G20 Leaders’ Summit, before the end of Indian G20 Presidency, Sitharaman said there is no timeline yet for countries to implement the roadmap but the early phase of the next presidency, which is with Brazil, will provide more clarity. “The G20 has formally adopted the roadmap (for crypto assets). But the Indian presidency is also going to be working with the Brazilian presidency. The IMF, FSB, and the FATF will be required to provide regular updates to the G20 regarding the progress and implementation of the G20 roadmap on crypto assets,” she said.
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