G7 to collaborate on tighter crypto regulation: Report

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G7 to collaborate on tighter crypto regulation: Report
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The G7's annual summit will take place in Hiroshima, where a global cooperative strategy for digital assets is expected to be outlined.

the Financial Stability Board , the International Monetary Fund , and the Bank for International Settlements , the group of the 20 biggest economies of the world — collectively known as G20 — announced in February during a meeting in Bengaluru, India.

India's finance minister, Nirmala Sitharaman, during FMCBG meeting in Bengaluru. Source: Ministry of Finance Recommendations on the regulation, supervision and oversight of global stablecoins, crypto assets activities and markets are scheduled to be delivered by July and September. It is unclear, however, what the overall tone of the recommendations will be.

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