The third day of the convention sees regulations, tokenization, smart contracts, blockchain in Africa and Asia, Environmental, Social and Governance, and more among the topics for discussion.
In an interview with Reuters, CoinSwitch CEO Ashish Singhal says proper regulations for digital currencies are the only way to protect consumers and boost the sector.
Christine Lagarde remarked that digital currencies are highly speculative and very risky assets, but backed that the central bank will be behind the digital euro.
The G7 inter-governmental political forum is the latest global body to highlight the need for digital currency regulations, imploring the FSB to establish the regulations quickly.
The watchdog believes that regulators must crack down on exchanges to protect the banking fraternity as more mainstream institutions jump into digital assets.
The central bank and the Russian government are fully engaged in drafting regulations for digital currencies; it is now a question of when the legislation will be ready, the minister said.
The U.S. department is to publish 17 questions as it seeks input from the public on block reward mining, obstacles faced by VASPs, CBDCs, payments, and more.
The FSC report highlights new regulations that introduce stricter licensing requirements for digital currency exchanges and token issuers based on the risks involved.
The central bank says that digital currencies will seriously undermine its ability to determine monetary policy and contribute to money laundering and terrorism funding.
According to the three U.S. departments, the North Koreans allegedly use false identities and VPNs to conceal their identities and usually ask for payments in digital assets.
SEBI made the proposal in response to a call for comments on the recently unveiled guidelines for digital currency advertising released by the ASCI, according to local reports.