G20 Agrees to Regulate Crypto

The G20, an international forum for the governments and central bank governors from the world’s 20 largest economies, has decided to regulate the crypto sector.

Over-regulation restricts the growth of emerging asset classes and technologies by limiting the way companies can grow over the long-run.

For many years, the G20 has maintained an open-minded stance towards cryptocurrency regulation, possibly due to the encouragement of Japan, the second largest cryptocurrency market behind the U.S., to regulate the space and provide a healthy ecosystem for both startups and established companies.

Reference: https://www.ccn.com/g20-agrees-to-regulate-crypto-but-is-this-good-or-bad-for-the-market/

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