G7 Leaders To Discuss Crypto, CBDCs
Digital monetary policy for CBDCs will be a top priority for global leaders at the Group of Seven summit being held in Hiroshima this week.
The leaders will discuss crypto rules for money laundering and CBDCs’ roles in improved payments efficiency and financial inclusion.
Leaders from Japan, the U.S., the U.K., Canada, France, Germany, and Italy will meet in Hiroshima City this week to discuss crypto, CBDCs, and other matters of global importance. These include climate change, nuclear disarmament, and the Russia-Ukraine war.
At a meeting earlier this month, the leaders committed to applying new crypto regulations from the July 2023 Financial Stability Board recommendations.
They also support the crypto Financial Action Task Force’s Travel Rule that imposes reporting requirements on digital asset service providers for all crypto transactions.
(With inputs from Shikha Singh)
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