“The IMF is [a member] of the FSB but the FSB, established after the 2009 G-20 London Summit is seen to be closer to the G=20 and the U.S. at a time of Russia’s war against Ukraine,” said a person often consulted on policy matters by India’s Finance Ministry. “India may not want to alienate its old ally, Russia. Instead, a subtle shift towards the IMF may be seen as more neutral.”

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• Source: https://www.coindesk.com/policy/2022/12/09/india-looks-to-coordinate-global-crypto-rulemaking-as-it-assumes-g-20-presidency/?utm_medium=referral&utm_source=rss&utm_campaign=headlines