the Financial Stability Board , the International Monetary Fund , and the Bank for International Settlements , the group of the 20 biggest economies of the world — collectively known as G20 — announced in February during a meeting in Bengaluru, India.
India's finance minister, Nirmala Sitharaman, during FMCBG meeting in Bengaluru. Source: Ministry of Finance Recommendations on the regulation, supervision and oversight of global stablecoins, crypto assets activities and markets are scheduled to be delivered by July and September. It is unclear, however, what the overall tone of the recommendations will be.
This can greatly speed up Mass adoption
Stricter oversight? International law enforcement does an amazing job. They caught the silk road guy, Sam Bankman, Do Kwon, resolved Mount Gox maybe the old fashion way but it got resolved. What more do they want? Excuses to monetize surveillance security to advance marketing?
In the end, regulatorily clarity is a much needed thing and hopefully will be beneficial for the whole crypto space!
CryptoCapo_ ‘s last hope. 😜