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The 3rd OACPS and 1st African Union ClimSA Forum will gather more than three hundred delegates from African, Caribbean and Pacific (ACP) countries,...
Being a fast maturing sector in its foundational building time, the crypto industry is currently grappling with a lack of consistent regulatory frameworks worldwide. Different countries have adopted varying approaches, ranging from outright bans to embracing cryptocurrencies as legitimate financial assets. This regulatory divergence creates uncertainty for investors and hampers the growth of the industry.
The Financial Action Task Force has already made significant strides in this regard. We have been voluntarily following the best practices and have been supporting the Government of India on complying with all notifications including the one under Prevention of Money Laundering Act (PMLA). This coupled with global implementation of an information sharing framework and an effective travel rule is necessary to help address this concern, effectively.
Meta Description: Stay updated with live coverage of the G20 Summit 2023 as leaders from top economies gather in Delhi for this prestigious event. Get real-time insights on g20 summit in delhi at news18.com
With delegates from the world's most influential economies converging in the capital, stakeholders are waiting with bated breaths to see how the discussions pan out into regulations.