Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets. According to local reports in New Delhi — where the group members are attending a two-day summit — the framework will facilitate information exchange between countries beginning in 2027. Several countries would be affected by the upcoming framework, including Argentina, Australia, Brazil, India, etc. Two-thirds of the world’s population lives in a G20 country. The Crypto-Asset Reporting Framework was first introduced in October 2022 by the Organization for Economic Cooperation and Development.
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