Reported 14 days ago
The G20's Financial Stability Board warned of 'significant gaps' in the regulation of the rapidly expanding crypto markets, which could endanger financial stability. Despite progress, the report emphasized that current international regulations are too fragmented and inconsistent. With the market value of cryptocurrencies reaching $4 trillion, the Board called for better global cooperation and comprehensive frameworks, particularly for stablecoins, as financial risks from these assets grow.
Source: YAHOO