Cryptocurrencies: G20 watchdog focuses on rules review, holds fire on virtual currencies like Bitcoin
Cryptocurrencies: US President Donald Trump ordered American regulators last year to scale back on post-crisis banking and derivatives reforms to encourage more lending to the economy. The move led to fears among regulators around the world that the United States, where lawmakers have long been lukewarm towards global regulatory bodies, would turn its back on international cooperation and fragment markets.
Cryptocurrencies: The Financial Stability Board, which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin. Image source: Reuters