Crypto regulations to be discussed at G7
While the crypto community is still reeling from the crash of Terra LUNE, and the G7 discussions aim to push for global crypto regulation
By Shashank Bhardwaj
Image: Ulrich Baumgarten via Getty Images
Bank of France Governor François Villeroy de Galhau announced on Tuesday, May 17, that crypto asset regulation will likely be discussed during the Group of Seven (G7) finance chiefs meeting, which begins this week in Germany.
Representatives from the United States, Canada, Japan, Germany, France, Italy, and the United Kingdom are expected to talk at the meeting about themes related to a regulatory framework for cryptocurrencies, as reported by Reuters. The governor called the recent crypto market volatility caused by Terra (LUNA) and TerraUSD (UST) a wake-up call, claiming that the volatility in crypto markets has pushed the urgent need for global regulation.
The writer is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash

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