The Policy Perspectives on Crypto Assets is set to be discussed at the First Finance Ministers & Central Bank Governors (FMCBG) meeting under the G20 Indian Presidency scheduled during February 24-25, 2023.
“The 1st G20 FMCBG meeting under the G20 Indian Presidency will see the participation of Finance Ministers and Central Bank Governors of the G20 members, invitee members, and heads of International Organisations. In total, there will be 72 delegations attending the meeting,” the press release notes.
The G20 FMCBG meeting will be chaired by Indian Finance Minister Nirmala Sitharaman and co-chaired by Reserve Bank (RBI) Governor Shaktikanta Das.
The FMCBG meeting’s key agendas include strengthening multilateral development banks to address shared global challenges of the 21st century, financing for resilient, inclusive, and sustainable ‘cities of tomorrow.’
For the visiting Ministers, Governors, Deputies, and other delegates, a series of side meetings on topics like Digital Public Infrastructure, Policy Perspectives on Crypto Assets, and the role of National Payment Systems in Cross Border Payments have been scheduled in conjunction with these meetings.
Recently, Indian finance minister Nirmala Sitharaman revealed that the G20 countries are working collectively to regulate cryptocurrencies. Sitharaman stated the government is talking with all nations to make some standard operating procedure that will be followed by everyone to make a regulatory framework.
Also Read: India Aims for Consensus on Crypto Regulation at G20 Presidency
The meeting’s agenda has been prepared by the Indian Presidency in a way that can encourage an insightful discussion among Ministers and Governors about practical solutions to some of the most important issues facing the world economy.
On February 22, 2023, the G20 Finance and Central Bank Deputies (FCBD) meeting co-chaired by Dr. Michael D. Patra, Deputy Governor of the Reserve Bank of India, and Shri Ajay Seth, Secretary (Economic Affairs) will take place before the G20 FMCBG meeting.
