G7 to Discuss Crypto Regulation, Digital Currency Standards

Join the best crypto trading signals discord chatroom and join thousands in making better trading decisions. Click Here To Join!

Join 34,000+ Traders & Investors by getting our FREE weekly Sunday Cheat Sheet email. Get key market news and events before everyone else. Click Here to See if you Qualify.

Japan’s vice finance minister for international affairs, Masato Kanda said that the Group of Seven (G7) advanced economies would look into helping developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Reuters reported.

The topic is among the key themes of G7 discussions that Japan chairs this year, as it looks to address challenges the global community face from fast-moving digital technology.

“We have to address risks from the development of CBDC by ensuring factors such as appropriate transparency and sound governance,” Kanda said during a seminar in Washington.

“As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including the G7 public policy principle for retail CBDC,” he said.

Related: Top 12 Best Crypto Influencers to Follow on Social Media in 2023

The cryptocurrencies and the current mechanisms used to trade them are susceptible, some that the collapse of crypto exchange FTX last year has shown. Kanda added it “was a serious wake-up call” for policymakers to create regulation across borders.

“For crypto assets, there are a bit of diverging views among countries. But the consensus is definitely that we need more regulation, particularly after the FTX shock,” Kanda said.

Another top priority of G7 talks will be to address the debt vulnerabilities of some middle-income countries. This week, policymakers will gather in Washington for the spring International Monetary Fund (IMF) meetings. Several countries, such as Sri Lanka, Ethiopia, Zambia, and Ghana, have been going through tough times and will undoubtedly be discussed on the forum.

While Kanda was less optimistic about immediate solutions for the African nations, he was more hopeful for Sri Lanka.

“For Sri Lanka, hopefully, we can have progress,” with a creditor’s committee launch soon.

Related: 10 Best AI Stocks (Artificial Intelligence) To Buy In 2023

This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.

Join the #1 Exclusive Community for Stock Investors

Join the best crypto trading signals discord chatroom and join thousands in making better trading decisions. Click Here To Join!

Join 34,000+ Traders & Investors by getting our FREE weekly Sunday Cheat Sheet email. Get key market news and events before everyone else. Click Here to See if you Qualify.

This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.

Revir Media Group
447 Broadway
2nd FL #750
New York, NY 10013