April 20, 2024

G7 Countries Accelerate Implementation of Legal Framework for Cryptocurrencies

G7 Countries Accelerate Implementation of Legal Framework for Cryptocurrencies

A conference of heads of financial departments of the G7 countries took place in London. (G7). One of the topicsbecame the cryptocurrency industry, reports The Block.

In the published joint communiqué dated June 5it says that finance ministers consider it necessary to accelerate the implementation of the regulatory framework for the digital asset market. Special attention should be paid to stablecoins.

G7 countries periodically pay attention tocryptosphere. Back in late 2019, they published a report on stablecoins, which stated that in addition to cyber risks, such instruments could make a significant contribution to the modernization of the entire payment infrastructure.

The June 5 communiqué indicates that the position of the «G7» on this issue has not changed significantly over the past two years.

The statement of the heads of financial departments notes:

«We are committed to global cooperation into ensure common standards, including by supporting international standard-setting bodies in reviewing existing regulations and highlighting the importance of addressing any identified gaps.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

G7 Countries Accelerate Implementation of Legal Framework for Cryptocurrencies

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