Published on September 10, 2023 12:55 GMT+00:00edited on September 10, 2023 13:01 GMT+00:00

Due to the ever-changing nature of cryptocurrency technology, it has always been subject to regulatory amendments around the globe. The G20, a group of 20 developed economies, has opted for a unified approach to design a comprehensive crypto rule book to address this issue. 

In the G20 summit held in New Delhi, leaders from around the globe have agreed to establish a comprehensive crypto framework. In order to expand the digital assets transparency, the approved consensus declaration includes sharing of information between countries.

The consensus declaration signed by G20 leaders reads:

We call for the swift implementation of the Crypto-Asset Reporting Framework (CARF) and amendments to the CRS [Common Reporting Standard]. We ask the Global Forum on Transparency and Exchange of …