G20 Finance Deputies’ meet begins: Crypto norms, debt distress in focus

Ahead of the leaders’ summit later this week, the G20 Finance Deputies, led by Economic Affairs Secretary Ajay Seth, began discussions on Tuesday with a focus on finalising a regulatory framework for crypto assets and the debt distress of vulnerable countries.

The finance deputies, meeting after the third G20 finance track in Gandhinagar in July, have to consider the synthesis paper on crypto assets, which was circulated among the member countries last week. The paper has been jointly prepared by the Financial Stability Board (FB) and the International Monetary Fund.