G7 will discuss cryptocurrency regulations following the massive collapse of Terra (LUNA).
According to Reuters, the Governor of the Bank of France announced that the focus of the upcoming G7 meeting in Germany will be crypto regulation.
Central Bank Governor Villeroy de Galhau stressed that this issue has been added to the agenda amid the unique turbulence caused by the UST and LUNA collapse in the crypto markets last week:
“Recent events have brought global regulation to the fore.
Statement by Galhau during the ongoing global emerging markets conference in Paris.
G7’s financial officials have been discussing crypto regulations since the fourth quarter of 2020. CBDC and stablecoins stand out in the talks.
