G20

The Reserve Bank on Friday issued instructions permitting travellers from G20 nations to use the mobile-based Unified Payments Interface (UPI) to make payments while in India.UPI is a system that bunches multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments under a common platform.On Wednesday, the RBI had made an announcement regarding allowing access to UPI to foreign nationals and NRIs visiting India.To start with, it had said the facility…

According to the latest reports, India is working on its roadmap for cryptocurrency regulations and might present the same at the upcoming G20. India is presiding over the G-20 for 2023, which started on December 1, 2022, and will end on November 30, 2023. The 43 Heads of Delegations will meet in the final New Delhi Summit in September 2023 to discuss G20 matters. On Thursday, Economic Affairs Secretary Ajay Seth revealed that the government is cooperating with the Financial Stability Board (FSB) to introduce policies…

Union Minister for Commerce and Industry Piyush Goyal on Saturday called for the creation of an international network of mentors, investors and entrepreneurs to strengthen the global start-up ecosystem. In a video address to the Inception Meeting of the Start-up 20 Engagement Group of G20 here, he said this network must support and inspire start-ups, act as a team to facilitate exchange of ideas, best practices and funding mechanisms and promote collaborations in research and development. He said it is not just the role…

G-20 presidency gives authority to set the crypto agenda, which perceptibly helps to safeguard investors and consumers to uphold the integrity of the financial system. India now has the chance to influence international crypto policy thanks to a G20 presidency. As the industrialized world operates to figure out the direction of currency, India’s G20 presidency started its term in December, placing the nation ahead. Several potential outcomes exist are several potential outcomes for the Indian cryptocurrency market and…

Here are the top 10 cryptocurrencies going down after G20 announces crypto regulations The Group of Twenty (G20) is the premier forum for international economic cooperation which plays a vital role to shape and improve global governance and architecture across international economic challenges. In the financial and commercial arenas, the rising popularity of cryptocurrencies has also given rise to several crimes. The G20 declares crypto regulation to impose stronger regulations and procedures in the industry to reduce or…

Looking to help in "amplifying" the India story, Microsoft Executive Chairman and CEO Satya Nadella said the country's technology story and the policies that helped it reach this point are a tale that needs to be told to the world. Briefing the media after the Future Ready Technology summit in Bengaluru, Nadella said "India is taking the leap to contribute both in the digital technology as well as the soft side of it--the policy side of it, as to how this came about." "That story needs to be written about, talked about…

After the G20 releases regulations, Bitcoin will be the worst-hit crypto. Its price dropped below $17K. Bitcoin will be the Worst Hit Crypto After G20 Releases Regulations: The G20 finance and central bank deputies met for the first time under India’s presidency on Dec. 13-15 in Bengaluru. Ajay Seth, India’s economic affairs secretary, said at a news conference Wednesday that the G20 nations aim to build a policy consensus on crypto assets for better global regulation. Noting that the implications of crypto assets like…

India said on Thursday that under its ongoing G20 presidency, it will prioritize the development of a framework for global regulation of unbacked crypto assets, stablecoins and decentralized finance and will explore the “possibility of prohibition” in a potentially large setback for the nascent industry. India began its year-long presidency of the Group 20 early this month. The group, which comprises 19 nations across continents and the EU, represents 85% of the world’s GDP. It also invites non-member countries…

CBDC vs cryptocurrency: Experts are speculating as to which asset will rule the market in 2023 The Organization for Economic Co-operation and Development (OECD) has decided to work on regulating cryptocurrencies and all other forms of cryptocurrency assets. They are working on developing a framework by presenting the Crypto-Asset Reporting Framework (CARF), which is meant to automatically exchange information on cryptocurrency assets between various countries. India’s Presidency at G20 has once again raised hopes for the…

India will host a meeting of science ministers from G-20 member nations at Coimbatore in July next year during its presidency of the grouping of the world's 20 major developed and emerging economies. Besides the Science-20 Summit with the theme ‘Disruptive Science for Innovative and Sustainable Growth', the science administrators will also host the “Research Innovation Initiated Gathering (RIIG) on the theme Research and Innovation for Equitable Society.Science and Technology Minister Jitendra Singh on Saturday chaired a…