G7 Urges Crypto Regulations in Light of Terra Collapse: Report

Investigating the impact of global stablecoins - Bank for

G7 calls for tougher crypto regulations after stablecoin fiasco

Just when crypto

The letter comes in the wake of the most recent crash in the crypto market, triggered in part by the de-pegging of the TerraUSD (UST) algorithmic stablecoin on May 8

The G7 believes that no global stablecoin project should begin operation until the legal, regulatory and oversight challenges and risks outlined above are adequately addressed, through

Just when crypto -friendly laws began making a debut, Terra crashed and things went a full circle. In a recent statement rolled out by G7, the need to impose stringent

Following the sharp decline in

U.S. regulators are using the incident as grounds to push for more stringent rules around stablecoins and their issuers, with Treasury Secretary Janet Yellen announcing

Terra's Collapse Makes G7 Officials Discuss New Crypto Regulation

Following the sharp decline in stablecoins – particularly the USD Terra (UST) – the G7 stated crypto-assets should follow the same standards as the rest of the

G7 Pushes for Greater Crypto Regulation, and That Might Be a

G7 insta a regular las criptomonedas de cara a la reciente

Terra's Collapse has Triggered Regulatory Scrutiny Across

In the US

How Terra’s collapse will impact future stablecoin regulations

El grupo de naciones G7 ha instado a los reguladores de las principales economías del mundo a agilizar las regulaciones en torno a las monedas digitales. Las declaraciones se producen

In the US, regulators have already seized on the incident to try and push for more stringent rules around stablecoins and the companies that issue them.

The UST and Terra

The UST and Terra (Luna) collapse strengthens the view that the design of some stablecoins poses serious risks. The crash was the kind of risk in the fast-growing

Stablecoins on G7 hit list after Terra crash. Stringent laws incoming?

Largely, they debated the prospects of CBDCs and stablecoins. UST drama might result in new restrictions. Last week, UST pools in Anchor Protocol (ANC) because