Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20

Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses.

• 2023-07-11
• Bank for International Settlements G20 finance ministers

G20 exploring cryptocurrency regulation, India's finance minister says

The Group of 20 (G20) big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday. Given the sophisticated technologies involved with these virtual assets, countries must discuss whether a given regulation is needed, said Sitharaman, whose country is this year's G20 president. Prime Minister Narendra Modi's government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has

• 2023-02-11
• Nirmala Sitharaman Prime Minister Narendra Modi G20 finance ministers Group of 20 Reserve Bank of India