US has undertaken a number of initiatives on cybersecurity, specifically ransomware, one of them being the Counter-Ransomware Initiative Meeting held in October 2021. Whether this attempt by the US to mobilise a larger group of countries to discuss ransomware will lead to real outcomes, or is just meant to endorse its actions, remains to be seen.

Riding the technology wave, China eyes global dominance of RMB as a reserve currency and a favourable international monetary environment for its economic development.

Facebook's recent proposal for a stable global cryptocurrency on social media platform has led many to anticipate its positive impact on the global economic system. However, privacy concerns and Libra's planned decentralised approach have raised apprehensions among the regulators around the world.