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25 January 2021

World governments agree on importance of crypto regulation at G7 meeting

World governments agree on importance of crypto regulation at G7 meeting


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A recent G7 meeting concluded that the sector faces an ongoing need for regulation. .

In addition to talking about COVID-19 and economic issues, the group “also discussed ongoing responses to the evolving landscape of crypto assets and other digital assets and national authorities’ work to prevent their use for malign purposes and illicit activities,” according to a public statement from the U.S Department of the Treasury on Monday:.

Regulators have stepped up their engagement in the crypto sector in recent months.

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cointelegraph.com
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