Stay updated with breaking news from Pillar One. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India News: The G-20 leaders agreed on Saturday to expedite the adoption of the reporting framework for crypto assets, stating that a large number of member count
Finance Minister Nirmala Sitharaman underlined that India was very clear about having an inclusive approach and that no country should be left behind.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
The G-20 leaders have agreed on the swift implementation of a reporting framework for crypto assets to prevent tax evasion. The framework, known as the Crypto Asset Reporting Framework (CARF), aims to ensure that non-financial assets like cryptocurrencies are not used to conceal unaccounted wealth. The G20 leaders also reaffirmed their commitment to a globally fair and modern tax system.
The declaration noted with deep concern the immense human suffering and the adverse impact of wars and conflicts around the world.