The member countries of WTO (World Trade Organisation) should include issues pertaining to crypto currency while negotiating any agreement on the e-commerce sector, think tank GTRI said on Monday.
As the crypto market garners increasing global attention, its classification under the WTO e-commerce framework remains ambiguous, Global Trade Research Initiative (GTRI) said.
It added that the debate should pivot on whether exchanges of crypto-currency fall under ‘electronic transmissions’ in the e-commerce scope.
“With the multifaceted dynamics of the e-commerce landscape, the outcomes of the ongoing WTO negotiations hold significant implications for global digital trade.
“The inclusion or exclusion of crypto-currencies and the diverse positions of influential nations will shape the future of international e-commerce policies,” GTRI Co-Founder Ajay Srivastava said.
At present, the WTO members are holding two-pronged e-commerce negotiations (joint initiative and e-commerce moratorium)
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