G7 Finance Ministers and Central Bank Governors are strongly convinced of the necessary regulation of cryptocurrencies
In today’s discussion, which was attended by finance ministers and central bank governors from around the world, it was also discussed digital currencies.
Today’s G7 meeting was hosted by US Treasury Secretary Steven T. Mnuchin in response to COVID-19, but digital payments and currencies were discussed also.
In an official report published by the U.S. department of the treasury states that the representatives discussed crypto assets and their evolving environment. The ministers first paid particular attention to how competent authorities are combating the use of cryptocurrencies for harmful purposes and illegal activities.
Later, they also focused on regulations:
There is strong support across the G7 on the need to regulate digital currencies.
Ministers and Governors reiterated support for the G7 joint statement on digital payments issued in October.
The discussion was attended by finance ministers and central bank governors from Canada, France, Germany, Italy, Japan, the United Kingdom, the European Commission, Eurogroup, also the heads of the IMF, World Bank, and Financial Stability Board
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