The Group of Seven (G7) and the Group of Twenty (G20) have differences in their attitudes towards stablecoins. The developed economies that make up the G7 are more willing to allow and regulate stablecoins, while emerging economies represented by the G20 group call for stricter restrictions or even bans. However, both have promised to implement the FATF's cryptocurrency anti-money laundering rules.
Two senior officials involved in the forum said the disagreement between the two institutions could hinder the acceptance of global regulations for stablecoins, or at least have the potential to undermine the unified regulation envisioned by global financial regulators. (CoinDesk)