G7 members met in Japan to discuss CBDCs and crypto regulation ahead of the summit in Hiroshima later this week.
The G7 committee recently met in Niigata, Japan, to discuss, among other topics, the global financial implications for central bank digital currencies and the laws governing the transfer of cryptocurrency assets.the discussions, the committee reiterated its support for developing CBDCs with the caveat that further investigation was needed to ensure they are grounded in “transparency, the rule of law, sound economic governance, cyber security and data protection.
The communique described the International Monetary Fund’s work in developing a “CBDC Handbook” as “welcome,” and said the G7 committee was looking forward to the first set of deliverables to be published by the 2023 World Bank Group and IMF Annual Meetings —
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