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May, 2022

G-7 Move to Stricter Regulations for Cryptos ?

The Finance Ministers from G-7 met in Germany to discuss different topics, and one of them was cryptocurrencies. And the reason was TerraUSD collapse and the subsequent fall of the crypto markets in a few days span.


This made the ministers to worry and see what’s need to be done for a faster reaction in the regulatory framework regarding cryptocurrencies.


Any move at global level in the next period will become in collaboration along with Financial Stability Board (FSB), headquartered in Basel, Switzerland and has started a report regarding stablecoins and how they will be regulated in global markets and become a part of the system.


The only sure thing is that cryptos are on the first line of economic news worldwide.