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G7 Urges Crypto Regulations in Light of Terra Collapse: Report

From decrypt.co

While the crypto world continues to assess the damage done in last week's market crash, members of the G7 are urging regulators to act before the body's next gathering in June. Reuters reported that a draft letter by the countries' finance ministers and central bankers is asking the Switzerland-based Financial Stability Board (FSB) to advance "consistent and comprehensive regulation," before the next gathering of the G7 in Germany. The G7 is composed of the seven largest advanced industrial economies—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—plus the European Union. The letter ... (full story)

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  • Category: Fundamental Analysis