G7 countries looking for new cryptocurrency regulation due to UST and LUNA Crash : G7 CryptoCurrency
World’s top DeFi cryptocurrency named ‘Terra (Luna)’ crashed almost 1500X from $200 per coin to $0.000500 USD in only 1 week of remaining. World’s top LUNA investor’s countries G7 are planning to regulate a new DeFi currency whom have ‘Unchangable‘ technology with Ethereum based smart contract to save the investment in an altcoin. Most number of Blockchain are have reserve technology of changing coin or supply but Ethereum is world’s top best coin where the only one data created on the blockchain which not be changable or anyone can not update the Supply and Token types.
The G7 countries are looking for an new assets to create a new decetralized policy for the investors. In the G7 countries, Canada, France, Germany, Italy, Japan, the UK and the United States are have world’s top economic and big trillions of market cap in world’s crypto market place in NFT, Metaverse, Web 3.0 and CryptoCurrencies.
G7 & G20 countries in CryptoCurrencies regulation?
G7 Countries list
Canada, France, Germany, Italy, Japan, the UK and the United States
G20 Countries List
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K., Including some European Unions and the U.S.
Terra (LUNA) was first choice of G7 members to regulate with an alternative of Bitcoin and Ethereum but the recent crash of Terra (LUNA) & UST (TerraUSD) are made everyone sad or homeless. The MiCA is world’s top EU’s Markets on Crypto Assets which regualating every new and popular cryptocurrencies every year with top EU countries around the Europe.
The MiCA is draft bills to work on Proof-of–Work digital currencies and most number of voting are happening in support of Bitcoin & Ethereum but still some Altcoin and Stablecoins are in the list of MiCA bills to regulate soon as possible on its technology.
The MiCA community is giving a big value to top assets like Bitcoin and Ethereum where the most number of peoples are voting for the real and perfect Proof-of-Work than new added Altcoins like Solana, LUNA and etc.
The EU’s Markets on Crypto Assets (MiCA) is implements a lot of digital proof-of-work currencies including Solana, Tron, Binance Smart Chain, Chainlink and other new and old blockchain based currencies to add into their Crypto Assets class amid the big drop of Terra (Luna) coin.
The European Union Monetary Sovereignty will be in a big fiat trouble and the Union’s national currency could also be endangered if measures are not taken soon. A lot of recently regulated CryptoCurrencies in MiCA are facing a big issues in the recent crash of its coin which recently happened with Terra (Luna) coin.
The G20 is have too many members from European Union to regulate cryptocurrencies around the Bring together systemically important. Most new countries of G20 including Turkey, Russia, Mexico, Germany, Brazil, Canada, UK and European Union are minding about Crypto Regulations but the G7 countries is facing a big issues with the regulations and crypto’s recent crashes.
In the future, G7 & G20 countries will regulate Bitcoin, Ethereum, Solana, BNB (Binance Coin), STEPN (GMT), & FTX Token (FTT) to increase the value of Proof-of-work with MiCA regulations.