bitcoin and regulation of cryptocurrencies continues to be at the focal point of countries. G7 Crypto regulations are also on the agenda of their countries.
According to the news of Coindesk, finance ministers and central bank governors of the G7 countries met in Niigata, Japan, ahead of the G-7 summit to be held next week.
At the meeting, officials revealed that they support stricter cryptocurrency rules.
At this meeting cryptocurrency G7 countries officials who discussed their regulations, Financial Stability Board (FSB) its forthcoming rules for regulating crypto assets and of the International Monetary Fund (IMF) central bank digital currencies (CBDC) signaled that they were ready to implement their recommendations on
The statement included the following:
“We look forward to the FSB finalizing its rules on crypto by July 2023.
We are committed to implementing the FSB’s recommendations and standards as effective regulatory and supervisory frameworks for cryptocurrency activities and markets and stable currency regulations.”
Japanese Prime Minister Fumio Kishida, the host of the G7 summit this year, has stated in previous statements that he will support stricter crypto rules, which is the common idea of the G-7 leaders.
G7, Germany, USA, UK, Italy, France, Japan and Canada It consists of seven countries, including the European Union, and is represented in the G7.
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