G7 and G20 disagree on whether to regulate stablecoins

According to CoinDesk, the G7 of the G7 and the G20 of the G20 have differences in the treatment of stablecoins. The developed economies that make up the G7 seem to be more willing to allow and regulate stablecoins. Emerging economies represented by the G20 Group have called for stricter implementation. restrictions, or even bans. Both have pledged to implement the FATF’s cryptocurrency anti-money laundering rules. The disagreement between the two agencies could hinder acceptance of global norms for stablecoins, or at least threaten to undermine the unified regulation envisioned by global financial watchdogs, two senior officials involved in discussions at the forum said.