Rahul Pagidipati, CEO, ZebPay
“India’s presidency at G20 signifies an important stride towards establishing a cohesive global regulatory framework for the crypto industry. The initiation of crypto-specific discussions at the international level underscores the country’s dedication to nurturing a secure and innovative digital economy. We firmly believe this will not only spur the growth of crypto in India but also set a positive precedent for the world. The effort to bridge data gaps and gain insights into the utilization of digital assets for payments is another significant development. It will enable policymakers to adopt an informed and analytical perspective when formulating regulations.
We are enthusiastic about contributing to the development of regulations that are not only responsible but also effective in safeguarding the integrity of financial systems. We advocate for a framework that prioritizes investor protection, anti-money laundering measures, and cybersecurity. As a responsible crypto exchange, ZebPay is committed to providing a secure and transparent platform for our users. We look forward to collaborating with regulators and policymakers to create a regulatory environment that fosters innovation and encourages the responsible use of digital assets.”
Richard Teng, Head of Regional Markets at Binance
“We welcome the roadmap presented by the International Monetary Fund (IMF) and the Financial Stability Board (FSB), in collaboration with various international organizations and standard-setting bodies. This roadmap aims to ensure the successful adoption of crypto assets and the integration of blockchain technology into the wider financial system. We appreciate the dedication of these global organizations in participating in discussions about regulating crypto, reflecting a growing recognition among global leaders of the transformative possibilities presented by blockchain technology and digital assets.
We acknowledge the recent developments at the G20 meeting where member nations have called for the swift implementation of the Crypto-Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS) emphasizing the importance of implementing a reporting framework for crypto assets. The nations also plan to coordinate for discussions on tax matters. This marks a significant step forward in the global regulatory landscape for crypto and the overall Web3 industry under India’s G20 leadership.”
