US Treasury Department: “countries are G7 in favor of regulating cryptocurrencies”
According to a statement by the US Treasury Department, G7 members see the need for international regulation of digital assets to prevent their use in illegal transactions.
This week, US Treasury Secretary Steven Mnuchin held an online discussion with G7 members: finance ministers and central bank governors of Canada, France, Germany, Italy, Japan and the UK.
According to a statement by the US Treasury Department, the meeting participants discussed the need for regulators to respond to the constantly changing cryptocurrency industry, as well as government efforts to prevent the use of these assets for illegal purposes.
“Member countries G7 support the need to regulate digital currencies,” the document says.
Ministers and representatives of the Central Bank also discussed ongoing domestic and international economic measures and strategies to achieve a sustainable recovery of the world economy after the COVID-19 pandemic.
In October, Reuters gained access to a document according to which the finance ministers of the G-7 countries plan to prevent Libra stablecone from entering the market before the introduction of “adequate” regulation. In addition, at the beginning of the year, Japan called on G7 members to unite to study state cryptocurrencies.
