Cryptocurrency Market on the Green – G20 Puts Crypto Regulation on Hold

According to Rueters the global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones.

The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin.

Interest in cryptocurrencies surged last year as prices rocketed only to tumble in recent months, triggering warnings from regulators.

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