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21 January 2021

G7 Nations Express ‘Strong Support’ For Crypto Regulation - Decrypt

G7 Nations Express ‘Strong Support’ For Crypto Regulation - Decrypt


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That statement, published October 13, said that digital payment services “should be appropriately supervised and regulated to address challenges and risks related to financial stability.”.

Though the G7 said that digital payments—which it defines as those alternatives to payments systems that handle fiat currencies (in other words, cryptocurrencies)—have “the potential” to make payments easier to access, quicker and cheaper, they could be dangerous if risks are not addressed.

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