There are differences between G7 and G20 on stablecoin regulation

ChainCatcher news, according to CoinDesk, there are differences in stablecoin regulation between the G7 and G20. The developed economies that make up the G7 seem more willing to allow and regulate stablecoins, while the emerging economies represented by the G20 are calling for stricter restrictions, even a ban. Both have committed to implementing the FATF's anti-money laundering rules for cryptocurrencies.

Two senior officials participating in the forum discussions stated that the differences between the two institutions could hinder the acceptance of global standards for stablecoins, or at least potentially undermine the unified regulation envisioned by global financial regulatory bodies. (Source link)