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no one’s talking about how 16 years later, G20 still can’t figure out crypto rules 🤯! privacy concerns got regulators running in
wAit, does this mean G20 is still tryna figure out how to control crypto but it’s like herding cats 🙀?
Privacy rules remain a significant barrier to cross-border regulatory harmonization within the cryptocurrency ecosystem: differing regulations impede data access and oversight, necessitating global alignment
A new report by the Financial Stability Board (FSB) highlights privacy rules as a major obstacle hindering cross-border cooperation on cryptocurrencies 🌐. The G20 risk watchdog identified differences in regulations complicating access to crypto data, affecting oversight efforts 📊. The FSB emphasizes the need for global alignment in regulating digital assets like Bitcoin and Ethereum to address market fragmentation and data gaps 🛡️. Little progress has been made by the G20 in establishing a unified crypto regulatory framework, with challenges persisting due to rapid industry advancements 📈.
https://altcoin.observer/16-years-later-cryptocurrency-privacy-rules-still-hinder-cross-border-regulation-g20-risks-report/
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