G20 Issues Warning on Global Crypto Rules, Flags Major Regulatory Gaps
Cryptocurrencies today are more than niche toys; they’re central to global finance. Over the past year, the crypto market has roughly doubled in size, reaching about $4 trillion. As crypto becomes more entwined with traditional finance, cracks in the global regulatory system are growing more visible.
That is why the G20’s financial risk watchdog, the Financial Stability Board (FSB), has issued a sharp warning: many countries lack consistent, robust rules for regulating crypto and stablecoins. This isn’t just about tech; they see real danger to financial stability, consumer safety, and cross-border financial flows.
We’ll walk through the G20 warning, explore key gaps in regulation, and consider what a global framework…
