Policy Move

May 20,2022
G-7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse KingData News: Finance ministers from the Group of Seven (G-7) large developed economies are set to call for faster global crypto regulations in the wake of the collapse of the terraUSD stablecoin last week, according to Reuters. "In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB (Financial Stability Board) ... to advance the swift development and implementation of consistent and comprehensive regulation," the ministers wrote in a draft communique seen by Reuters. The FSB, an international body based in Basel that was responsible for generating many of the post-2008 financial norms, had previously promised a report on the regulation, supervision and oversight of global stablecoins for October of this year. The FSB's leader, Klaas Knot, has already volunteered to write a crypto rulebook that could cover financial stability and investor protection issues. (CoinDesk)
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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