The G20 summit in Johannesburg has spotlighted the risks associated with cryptocurrencies as the market experiences a 1% decline, now valued at $3.3 trillion. Bitcoin remains below the $100,000 mark, reflecting broader market challenges. The Financial Stability Board (FSB) issued a warning about the potential threats to financial stability posed by the rapid growth of cryptocurrencies and their integration with traditional finance systems. Despite 93% of jurisdictions planning or implementing regulatory frameworks, these primarily address anti-money laundering rather than financial stability concerns. The FSB highlighted the stablecoin market's significant growth, which has surged over 75% to $310 billion, yet comprehensive regulatory measures remain scarce.