Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation

U.S. Treasury Secretary Janet Yellen told Reuters after the G20 meeting in India on Saturday that while the U.S. has not indicated any outright bans, it is critical to put in place a strong regulatory framework for the cryptocurrency industry.

• 2023-02-27
• Janet Yellen G20 meeting India crypto Nirmala Sitharaman regulatory framework sovereign bank International Monetary Fund

IMF flags debt restructuring hurdles, says banning crypto should be an option

BENGALURU (Reuters) -There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due to an economic slowdown caused by the COVID-19 pandemic and the Russia-Ukraine war. China, the w

• 2023-02-25
• debt restructuring International Monetary Fund global debt restructuring debt economic slowdown Kristalina Georgieva Aftab Ahmed G20 meeting sovereign debt disagreements