• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Wednesday, March 22, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

“Strong support” for crypto industry regulation at recent G7 meeting

14 January 2021
in Regulation
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Ministers from the seven influential countries called for greater regulatory oversight and laws for cryptocurrencies as the market sees increased adoption from both institutional and retail crowds.

Ministers support calls for crypto regulations

As per a note published by the US Department of Treasury on Tuesday, Secretary Steven T. Mnuchin met with the financial heads and governors of Canada, France, Germany, Italy, Japan, the United Kingdom, the European Commission, and the Eurogroup to discuss cryptocurrencies and the industry’s strong growth in the past months. They were joined by the heads of the IMF, World Bank, and Financial Stability Board.

Related articles

Ripple Vs. SEC To Be Settled On This Date: Cardano Founder

Ripple Vs. SEC To Be Settled On This Date: Cardano Founder

12 December 2022
Access To Crypto Exchange OKX Is Blocked In Russia

Access To Crypto Exchange OKX Is Blocked In Russia

6 October 2022

Productive #G7 call this morning. We discussed the effective actions in response to COVID19, strategies to achieve a robust recovery, and cryptocurrencies. pic.twitter.com/pBtRn5qjrR

— Steven Mnuchin (@stevenmnuchin1) December 7, 2020

Cryptocurrencies have seen a resurgence in 2020 amidst a bleak economic outlook and fears of inflation due to the incessant money printing by governments around the world. Investors have, hence, turned to Bitcoin and gold ahead of cash and bonds, spurring the sector’s rise again after the infamous bull run of 2017.

[crypto-donation-box]

The state heads discussed domestic and international economic responses underway and strategies to achieve a robust recovery throughout the global economy.

But importantly, they discussed policies and 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.

Cryptohopper
ADVERTISEMENT

The group said:

“There is strong support across the G7 on the need to regulate digital currencies.  Ministers and Governors reiterated support for the G7 joint statement on digital payments issued in October.”

G7 officials had earlier stated in a joint statement on digital payments in October, noting the new financial regime could improve access to financial services and cut inefficiencies and costs. However, they added that such products be “appropriately supervised and regulated.”

However, not all’s well in stablecoin land

Despite the support for cryptocurrencies, German Finance Minister Olaf Scholz issued a stern statement about the concerns of Facebook’s upcoming Diem stablecoin (rebranded from Libra) in Germany and Europe.

“A wolf in sheep’s clothing is still a wolf,” he noted, adding “It is clear to me that Germany and Europe cannot and will not accept its entry into the market while the regulatory risks are not adequately addressed.”

Mnuchin had, as per rumors earlier this month, said crypto-regulations regarding private wallet providers were imminent. This meant putting exchanges, and both “hard” and “soft” wallets under the purview of regulators and requiring their users to submit a mandatory KYC check.

Like what you see? Subscribe for daily updates.





Source link

Tags: cryptoindustryMeetingRegulationstrongSupport
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Bitfarms Closes Its Second $15M Private Placement in a Week

Next Post

Grayscale Investments Begins Dissolution of XRP Trust Citing Ripple SEC Suit – Yahoo Finance

Related Posts

Ripple Vs. SEC To Be Settled On This Date: Cardano Founder

Ripple Vs. SEC To Be Settled On This Date: Cardano Founder

12 December 2022
0

Cardano founder Charles Hoskinson has made an explosive claim about the legal dispute between Ripple Labs and the U.S. Securities...

Access To Crypto Exchange OKX Is Blocked In Russia

Access To Crypto Exchange OKX Is Blocked In Russia

6 October 2022
0

The Russian government reportedly blacklisted OKX’s IP address on Wednesday for possible illegal activity related to a violation of Article...

What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?

What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?

21 August 2022
0

The four biggest US-based mining operations – Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining – got...

Bitcoin Trading And Mining Will Now Be Regulated In Paraguay

Bitcoin Trading And Mining Will Now Be Regulated In Paraguay

18 July 2022
0

Bitcoin trading and mining will now be under the crosshair of the Paraguay government. Last month, the Chamber of Deputies...

Bitcoin Gives Way To Ruble: Putin Signs Law Banning Crypto Payments In Russia

Bitcoin Gives Way To Ruble: Putin Signs Law Banning Crypto Payments In Russia

16 July 2022
0

Bitcoin and other types of crypto has just been outlawed in Russia by no less than the commander in chief...

Load More
Next Post

Grayscale Investments Begins Dissolution of XRP Trust Citing Ripple SEC Suit - Yahoo Finance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • With love from Finca Solana
  • Shiba Inu: New listing of SHIB by Japanese crypto exchange, 4,600% burn rate increase, launch of Shibarium and the metaverse
  • States debate whether to restrict—or invite—crypto mining

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$27,453.00-2.82%
  • ethereumEthereum(ETH)$1,743.84-3.53%
  • tetherTether(USDT)$1.010.14%
  • binancecoinBNB(BNB)$324.14-3.86%
  • usd-coinUSD Coin(USDC)$1.000.05%
  • rippleXRP(XRP)$0.426416-8.82%
  • cardanoCardano(ADA)$0.362313-2.65%
  • dogecoinDogecoin(DOGE)$0.074514-3.22%
  • staked-etherLido Staked Ether(STETH)$1,740.42-3.52%
  • matic-networkPolygon(MATIC)$1.12-3.65%
  • solanaSolana(SOL)$21.63-4.54%
  • binance-usdBinance USD(BUSD)$1.010.11%
  • polkadotPolkadot(DOT)$6.09-4.74%
  • litecoinLitecoin(LTC)$87.335.08%
  • shiba-inuShiba Inu(SHIB)$0.000011-3.43%
  • avalanche-2Avalanche(AVAX)$16.83-3.72%
  • tronTRON(TRX)$0.060163-10.94%
  • daiDai(DAI)$1.00-0.02%
  • uniswapUniswap(UNI)$6.09-5.54%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,474.00-2.60%
  • ToncoinToncoin(TON)$2.40-0.65%
  • chainlinkChainlink(LINK)$7.19-3.21%
  • cosmosCosmos Hub(ATOM)$11.37-4.92%
  • leo-tokenLEO Token(LEO)$3.37-1.84%
  • ethereum-classicEthereum Classic(ETC)$20.21-3.03%
  • okbOKB(OKB)$45.33-0.58%
  • moneroMonero(XMR)$149.67-2.07%
  • bitcoin-cashBitcoin Cash(BCH)$126.44-6.09%
  • stellarStellar(XLM)$0.091051-5.52%
  • filecoinFilecoin(FIL)$5.65-4.52%
  • AptosAptos(APT)$12.884.87%
  • true-usdTrueUSD(TUSD)$1.01-0.02%
  • lido-daoLido DAO(LDO)$2.37-1.26%
  • hedera-hashgraphHedera(HBAR)$0.060777-5.45%
  • quant-networkQuant(QNT)$124.83-4.49%
  • crypto-com-chainCronos(CRO)$0.068938-3.90%
  • nearNEAR Protocol(NEAR)$1.96-5.58%
  • vechainVeChain(VET)$0.022581-5.38%
  • blockstackStacks(STX)$1.182.20%
  • algorandAlgorand(ALGO)$0.214952-4.81%
  • internet-computerInternet Computer(ICP)$5.07-4.27%
  • apecoinApeCoin(APE)$4.01-3.19%
  • fantomFantom(FTM)$0.471580-2.68%
  • the-graphThe Graph(GRT)$0.144107-5.14%
  • eosEOS(EOS)$1.10-7.71%
  • the-sandboxThe Sandbox(SAND)$0.64-5.45%
  • aaveAave(AAVE)$75.50-4.32%
  • decentralandDecentraland(MANA)$0.58-5.85%
  • elrond-erd-2MultiversX(EGLD)$42.25-4.82%
  • fraxFrax(FRAX)$1.000.35%