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Mark Carney, the governor of the Bank of England, is calling for an overhaul of the global financial system, which he believes is achievable by creating and adopting a currency similar to Facebook's Libra. Carney believes that such a coin would have the potential to end the U.S. dollar's dominance.

Cryptocurrencies bring a huge privilege but also a huge responsibility. G20 might finally call for a regulation for cryptocurrencies although regulation is already in place in a number of countries. A report on the same is due this year.