G20 should fully grasp the supervision of encrypted assets

The Observer Research Foundation (ORF), an independent think tank, stated that G20 countries have “opportunities and responsibilities” to coordinate policies around encrypted assets and DeFi, which is conducive to a “sustainable, balanced and inclusive global economic architecture.”

ORF pointed out that BTC is particularly popular in emerging markets and developing economies, including some G20 economies, such as Turkey, Brazil, Argentina, and Indonesia. The G20 should fully control the supervision of crypto assets. Provide relevant technical properties to national regulatory agencies. Guidance on regulatory best practices.

Read more about

Disclaimer

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

Advertisement

More from this stream

Recomended

UK Regulatory Body Reviews Microsoft-OpenAI Partnership for Potential Market Impact

The United Kingdom's watchdog for stopping unfair business, the Competition and Markets Authority (CMA), is looking closely at the partnership between Microsoft and OpenAI.

EU Considers WTO Legal Action Against U.S. Over Steel and Aluminum Trade Dispute

The EU might restart a lawsuit against the USA at the World Trade Organization (WTO) because of a metal trade fight left from when Trump was president.

U.S. Economy Faces Mixed Outlook as Stock Market Braces for 2024 Shifts

Michael Hartnett, a strategist at Bank of America, recently said that the continued rebound in U.S. Treasury prices suggests a slowdown in economic growth.

Norwegian Sovereign Wealth Fund Challenges Tesla on Labor Rights

Tesla and a group of Swedish auto mechanics are in a growing dispute.