G7 countries urge swift regulation of crypto assets - draft

"In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB (Financial Stability Board)...to advance the swift development and implementation of consistent and comprehensive regulation," finance ministers and central bankers from the Group of Seven industrialised nations said

Francesco Canepa and Jan Strupczewski, Reuters News

May 20, 2022

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KOENIGSWINTER, Germany - The world's top financial leaders called on Thursday for the swift and comprehensive regulation of cryptocurrencies following turmoil that has seen the demise of the Terra stablecoin last week, a draft communique showed on Thursday.

They were meeting in Koenigswinter, near Bonn (Germany), on Thursday and Friday.

(Reporting By Francesco Canepa and Jan Strupczewski; Editing by Angus MacSwan)

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