G20 countries

It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report also pointed out that, “Although the importance and relevance of specific risks vary from country to country, there are many risks in encryption assets.” However, despite the “significant risks, encryption assets have developed technologies that can be used by the public sector to achieve their own policy objectives”. IMF: The widespread use of cryptocurrency may cause banks to lose deposits and reduce loans Analysis based on this information:The International Monetary…

According to reports, Indian Finance Minister Nirmala Sitharaman on Friday stressed the need for multilateral coordination to deal with the rising debt vulnera…

On February 13, the Minister of Finance of India, Shri Pankaj Chaudhary, said that India was cooperating with the G20 countries to establish international coor…