Stability to guarding investors, India flags 3 issues on crypto

GANDHINAGAR: As global agencies work out a framework on crypto assets, Indian authorities want three key issues addressed, including macroeconomic and financial stability, risks and investor protection and education, while ensuring that technological innovation is not impacted.

The comments by top officials came a day after the Financial Stability Board (FSB) released its recommendations, while noting that “some jurisdictions may also decide to take more restrictive regulatory measures”. After the meeting of G20 finance ministers and central bank governors, FM Nirmala Sitharaman told reporters that the IMF and FSB synthesis paper is expected in time for the leaders’ summit in Delhi in September.