G7: Cryptocurrencies must meet the same standards as the rest of the financial system

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Cryptocurrency assets must meet the same standards as the rest of the financial system. A group of finance ministers from the world’s seven largest developed economies (G7) said this.
The G7 called for stricter anti-money laundering rules. In addition, the countries demanded that companies disclose information about their reserves. This statement was made against the background of the collapse of the terraUSD (UST) stabelcoin.

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