#regulation

The Group of Seven (G-7) nations have agreed to push for tighter cryptocurrency regulations in response to concerns over illicit activities such as money laundering and terrorist financing. They plan to develop a comprehensive regulatory framework to increase transparency and accountability in the digital asset market while maintaining a balance between regulation and innovation. The success of this initiative relies on the G-7's ability to create a secure environment for the cryptocurrency market without hindering its growth and innovation potential.

The company has started the process of obtaining state licenses for regulation and development of software for the integration of embedded payments. Earlier, Elon Musk said that Twitter should be transformed into an "everything app" with messaging, payments, and commercial functions. According to these plans, the company registered with the US Treasury as a payment processor in November 2022. Per Musk's wishes, the payment system is initially designed for fiat. While its structure will provide for future cryptocurrency features. Mask's favorite, Dogecoin, reacts violently to the news. Investors, just in case, pumped the MASK token (why would anyone invest in bitcoin, after all).