Japan’s Finance Minister Calls on G7 to Discuss CBDCs at Talks Friday
The G7 meeting on Friday is a virtual meeting and will be the first since U.S. President Joe Biden was sworn into office on Jan. 20. Source
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G7 Officials Stress Need to Regulate Digital Currencies: US Treasury
The U.S. Treasury Department issued a statement following a virtual call with other G7 members. Source
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A G7 Central Bank Confirmed It’s Floating Negative Rates
Despite the roaring recovery in the S&P 500, crypto, and other markets, many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt.With cashflows going negative around the world, meaning firms are
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Fearing ‘Currency Struggle,’ Japanese Politicians Want G7 Response to China’s Digital Yuan
Japanese politicians are calling on G7 members to respond to China's digital yuan by collaborating on digital currency research. Senior politicians from the ruling Liberal Democratic Party (LDP), led by former economy minister Akira Amari, told reporters Friday that Japan should share information and technical studies with the U.S. and
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Japanese Lawmakers Want US to Place Digital Currencies on G7 Agenda
Japan is feeling the pressure of China’s strident moves forward with a digital yuan. According to a Feb. 7 Reuters report, top lawmakers in the country are calling on their government to push for digital currencies to be placed on the G7’s agenda this year.Akira Amari — former economy minister
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G7 Says that Bitcoin Failed but Libra Poses Threat to Financial Stability
G7 has just recently released a report addressing a long list of concerns it has with global stablecoins like Libra.French Finance Minister Bruno Le Maire said on Friday that Paris, Rome, and Berlin will join together in the effort of blocking Facebook’s new digital currency Libra in Europe.This is not
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G7 Confirms Libra Like Cryptocurrency Needs a Legal Basis
Social media giant Facebook has certainly rattled the regulatory feathers of global regulators with its grand plans for cryptocurrency world domination. Politicians and citizens alike are right to question Libra and those that will be pulling the strings behind it. The G7 group of economic powerhouses agrees that such stablecoins
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G7 Task Force Releases Full Report on Impact of Global Stablecoins
A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments.Doubling down on regulationsOn Oct. 18, in a report requested by the G7 Finance Ministers and central bank Governors, the relevant task
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G7 Report: Facebook’s Libra Cryptocurrency Continues to Pose a Threat
A pending report issued by the G7 committee moves to warn stakeholder’s about the serious security flaws exhibited by Facebook’s Libra which is pegged to real world assets such as government holdings and national fiat currencies.The BBC reports a draft of the report that reprimands digital currencies’ issuers in harsh
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G7 Says ‘Global Stablecoins’ Pose Threat to Financial Stability
The G7 group of nations has reportedly drafted a report which says that “global stablecoins” pose a threat to the global financial system.According to the BBC on Oct. 13, a draft report from the G7 outlined the various risks associated with digital currencies. It also said that, even if member firms
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