Bank of Japan official calls for G7 nations to adopt common crypto regulations

A senior official from the Bank of Japan warned G7 nations that a common framework for regulating digital currencies needs to be put in place as quickly as possible.

The statement comes in response to the continued conflict between Russia and Ukraine, as cryptocurrencies and their potential applications for skirting economic sanctions fall under increasing scrutiny. Kamiyama added that a sense of urgency is paramount if the G7 nations are to effectively coordinate regulation of cryptocurrencies and digital assets, as the current regulations do not fully consider their growing adoption and proliferation throughout the world.

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Why are they all so worried ha this regulation!

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