G7

Earlier this week, ministers from the world's top economies, the G7, called for greater speed as financial watchdogs introduce comprehensive crypto regulation. This comes shortly after Terra's demise saw several crypto users suffer considerable losses in the space of a week. G7 Contacts FSB to Hurry Things Up The stablecoin failed to maintain its dollar peg and crashed as low as $0.07, with sister token LUNA not far behind. This created a ripple effect as general market anxiety destabilized even…

The finance ministers of the influential G7 group have reiterated their support towards regulating cryptocurrencies.  This was contained in a press release by the United States Department of the Treasury (USDT). The report highlighted the discussions between members of the G7 in the latest meeting of head of financial agencies of member countries. The ministers discussed domestic and international economic policies towards dealing with the Covid-19 crisis that has plagued world finances. Crypto-assets regulations was on the agenda and the…

Reuters reports that Japanese lawmakers have lobbied their government to push for the inclusion of discussions on digital currencies at the G7. They have asked the government to convince the United States (the leader of the summit) to amend the meeting's agenda to include the topic. Akira Amari, Japan's Minister for Economic Revitalisation, averred that it was crucial to draw the United States' backing for the topic. Mr Amari maintains that the two nations need to join efforts in making…