According to reports, Prime Minister of India Narenda Modi participated in cryptocurrency discussions at the recently held G20 Summit in Osaka, Japan. The leaders of the G20 countries, including Indian Finance Minister Nirmala Sitharaman, jointly declared a commitment to the regulatory standards set up by the Financial Action Task Force (FATF). But the FATF standards are not binding on member countries. Will India continue on its path towards a cryptocurrency ban? Or will the G20 discussions force Narendra Modi and the Indian regulators to change their stance towards cryptocurrencies? Image Credit:
References:
Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India:
FATF Says all Cryptocurrency Exchanges Must Share Data:
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