NEW DELHI (Reuters) - There is a need to expand the mandate of multilateral development banks and develop global standards to regulate ...
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NEW DELHI - There is a need to expand the mandate of multilateral development banks and develop global standards to regulate cryptocurrencies, Indian Prime Minister Narendra Modi told G20 leaders during a summit of the bloc on Sunday. The group of 20 major economies has pledged in a declaration at the New Delhi meeting to strengthen and reform the banks and has accepted a proposal for tighter regulation of cryptocurrencies.
"We need to expand the mandate of multilateral development banks. Our decisions should be immediate and effective in this direction," Modi said during a G20 leaders' session.
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