President Biden and Other G20 Leaders Call for New International Crypto Regulatory Regime

President Biden and Other G20 Leaders Call for New International Crypto Regulatory Regime


US President Joe Biden and other heads of states from the Group of 20 (G20) are calling for international regulations on cryptocurrencies.

According to a G20 statement issued by the White House, the leaders of the 20 largest economies in the world agreed at a recent summit in Indonesia there is a need to advance regulations in the crypto space.

“It is critical to build public awareness of risks, to strengthen regulatory outcomes and to support a level playing field, while harnessing the benefits of innovation.”

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The group is throwing its support behind the efforts of the Financial Stability Board (FSB), which has recommended a framework for the international regulation of crypto, saying that digital assets and intermediaries that perform the same function as

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