Regulations of global cryptocurrency assets to be focus of G20 summit

Global crypto regulations focus at G20 summit By Nafis Alam, Monash University, Malaysia Kuala Lumpur, Sep 7 (360info) Ongoing crypto market instability has prompted a call for global coordination on regulation to fend off attempts to ban or restrict digital currencies in some countries. The cascade of crypto events in 2022, highlighted by the bankruptcy of crypto exchange firm FTX and its effect on trading and lending firms, underscored the inherent instability and weaknesses in crypto assets. These incidents also showed a significant service provider collapsing can swiftly spread risks across the crypto-asset framework, making the ecosystem vulnerable. This in turn affects the wider economy as investments lost in the crypto market are still tied to money circulating in the financial system. Under the leadership of India's presidency, the G20 countries are poised to introduce what could be recogni

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