Wide acceptance in G20 FMCBG meeting that Crypto Assets are major risks to financial stability, says RBI governor

In the first major ministerial engagement under G20, where, India welcomed the debate on Crypto Assets proposing regulations and a policy perspective on the use of Crypto Assets. Participating members of the G20 Finance Ministers and Central Bank Governors (FMCBG) in the outcome document, on the conclusion of the meeting yesterday, also welcomed that crypto-assets are being closely monitored and subject to robust regulation to mitigate potential risks to financial stability. Briefing media on co...