G20

The U.S. has taken a firm stance against a proposed global wealth tax on billionaires, as announced Monday by Treasury Secretary Janet Yellen. This idea, championed by Brazil, France and other nations, aims to reduce economic inequality by targeting the global billionaires. Yellen emphasized that...

The Supreme Court of India dismissed a petition seeking governmental guidelines for cryptocurrency trading and mining, citing misuse of constitutional provisions for personal legal relief. The petition, filed by Manu Prashant Wig against the Union of India and others, aimed to compel the government...

The joint report issued by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) — IMF-FSB — on crypto regulation oversight has been accepted by the G20 at its recent meeting. What Happened: At its Oct. 12-13 meeting in Marrakesh,...

Coinbase Global Inc (NASDAQ: COIN) is expanding its investment initiatives with Truflation, aiming to support Web3 and Blockchain technologies. Additionally, Coinbase is advocating for a standardized set of regulations at the upcoming G20 summit next year. About Truflation Selection Of...

Coinbase Inc. (NASDAQ: COIN) CEO Brian Armstrong projected the rise of "flatcoins" as the next evolution in the world of stablecoins. With the crypto industry constantly evolving, Armstrong believes flatcoins, tied to purchasing power or the Consumer Price Index (CPI), could be an...

President Joe Biden faced criticism following a failed attempt to unite world leaders in condemning Russia’s war on Ukraine during a weekend G20 summit in India, USA Today reported. Despite the absence of Russian President Vladimir Putin, the G20 nations declined to explicitly criticize...

The Group of 20 (G20) summit, hosted this year in New Delhi, India welcomed the African Union (AU) as a new member but was less direct on Russia's war in Ukraine.   What Happened: The summit's final statement exhibited a restrained response to Russia's actions in Ukraine,...

This story was first published on the Benzinga India portal. The upcoming G20 Summit scheduled at Pragati Maidan, New Delhi on September 9-10 will see global leaders being served meals on silver and gold-plated utensils, in a bid to showcase India’s rich cultural heritage. As per media...

India, under its G20 presidency, is actively discussing the creation of a universal cryptocurrency framework, according to the country's Finance Minister Nirmala Sitharaman. On Aug. 28, Indian Prime Minister Narendra Modi emphasized the importance of global collaboration in shaping...

The potential absence of Chinese President Xi Jinping at the forthcoming G20 summit has drawn disappointment from President Joe Biden, as reported by The Hill on Sunday. What Happened: Biden, during a press conference in Rehoboth Beach, Delaware, revealed his disappointment over Xi’s likely...

The Bank for International Settlements (BIS) unveiled a new initiative called the Payments Interoperability and Extension (PIE) task force, which will feature the participation of the blockchain-powered payment platform Ripple (CRYPTO: XRP). In a recap of the PIE task force gathering held on...

As the current chair of the G20, India has expressed its support for the Financial Stability Board's (FSB) proposed global framework for cryptocurrencies, which was released in July. The nation has also highlighted the importance of addressing the risks associated with digital assets,...

India has been at the forefront of the global discussion on cryptocurrency regulations as it holds the G20 presidency this year and is a member of the Financial Action Task Force (FATF). The proposed regulations for cryptocurrency in India may have a broader impact on the Indian economy, with...

The argument that cryptocurrencies are a viable alternative to fiat currency has been settled in the wake of the digital-asset sector's recent turmoil, with technology not being an alternative for "trusted" money, according to the Bank for International Settlements' Agustín...

India’s Federal Economic Affairs Secretary Ajay Seth said that the Group of 20 (G20) nations are working to develop a policy consensus on crypto assets to guide better global regulation. The first gathering of the central bank and finance deputies for the G20 is Dec. 13–15 in Bengaluru...