cryptoshark

Finance ministers and central bank governors of the G20 countries issued a joint communiqué in Marrakesh, Morocco. It indicated the unanimous adoption of a comprehensive roadmap aimed at regulating crypto assets. The joint communiqué was released during the fourth and final meeting of the G20 FMCB chaired by India. The roadmap aims to enhance global financial stability and ensure effective governance of cryptocurrencies within the international economic system. The agreed cryptoasset roadmap builds on a document that was presented in Delhi last month. Meeting participants called for speedy and coordinated implementation of the G20 Cryptoasset Roadmap. This roadmap covers policy frameworks, outreach initiatives beyond the jurisdiction of the G20, global coordination, cooperation and sharing of critical information. Concerted efforts by countries are expected to contribute to strengthening macroeconomic and financial stability while facilitating effective and responsive implementation comprehensive policy regarding crypto assets.According to the press release, the communiqué, in line with the New Delhi Declaration of G20 Leaders, emphasizes the need for a uniform tax regime for cryptocurrencies. States are encouraged to protect their monetary sovereignty, but the report emphasizes that a complete ban on digital assets is not the only possible solution. The statement from finance ministers and central bank governors also asks the International Monetary Fund (IMF) and the Financial Stability Board to provide updates on progress in the implementation of the G20 cryptocurrency roadmap. Thus, it can be stated that the G20 countries are trying to tighten the cryptocurrency market. This was largely due to the collapse of the FTX crypto exchange, the former head of which is now on trial in the United States. The G20 is also going to take appropriate control over cryptocurrency transactions on the market. It is likely that new initiatives will be developed over the next few years to enhance oversight of digital asset marketplaces.#cryptoshark #binance

China's digital yuan - its trial-stage central bank digital currency (CBDC) - should be available in all retail payment scenarios, a Chinese central bank official said on Sunday.

Changchun Mu, head of the digital currency research institute of the People's Bank of China (PBOC), said at a trade forum in Beijing that wallet providers such as WeChat, Alipay, commercial banks with their mobile banking applications and other payment applications, including electronic CNY operators — must be careful about compliance and obtain the appropriate financial licenses, local media outlet The Paper reported.