The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.
The Financial Stability Board (FSB) is laying importance to crypto policy work and AI as the G20 summit steps into its nineteenth year. Brazil took the reins of the G20 presidency from India in December 2023 and will continue to preside over the group for the next one year.
Underlining that the current multilateral governance architecture is "outdated", India at a G20 ministerial meeting here on Thursday called for comprehensive UN reforms, including the UN Security Council.
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