G7 Intends to Tighten Regulation of Crypto Sector
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Representatives of the United States, Great Britain, Germany, Italy, France, the European Union, Japan, and Canada will discuss the regulation of the blockchain industry at the upcoming G7 summit in May in Hiroshima.
The meeting aims to create a global regulatory framework to control digital currencies, with the goal of minimizing risks for the global financial system, protecting consumers, and ensuring the transparency of capital movements in cryptocurrency.
This follows the decision of the G7 Heads of Financial Departments to accelerate the legalization of the digital currency market, which was reported by the media at the end of 2020.
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