G7


Policy

White House, G7 Say New Guidance Is Coming on Crypto Sanctions Evasion

White House and Treasury officials have said on multiple occasions there is little concern that crypto will be used to evade sanctions against Russia.

Joe Biden, presidente de los Estados Unidos (Al Drago/Bloomberg via Getty Images)

Policy

G-7 Finance Officials Outline Policy Principles for Retail CBDCs

Any CBDC must “do no harm” to central banks’ ability to maintain monetary and financial stability.

The G-7 held its annual summit in Cornwall, U.K. in June (Hugh R Hastings/Getty Images)

Videos

FATF Plenary Kicks Off Today

The Financial Action Task Force, a G7 initiative to develop policies against money laundering and terrorism financing, is holding an ongoing plenary session with cryptocurrency on its agenda. CoinDesk's Nikhilesh De sheds light on what to expect and the implications for the crypto community. He also discusses new observations about the Facebook-backed Diem project, formerly known as Libra.

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Videos

House Financial Services Committee to Hold Hearing on Central Bank Digital Currency

Several crypto-related hearings are scheduled in the U.S. Congress this month. The first is being held Tuesday by the House of Financial Services Committee regarding central bank digital currencies (CBDCs). The White House is also reportedly unveiling a national strategy for countering domestic terrorism.

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Videos

Treasury Secretary Yellen Says Inflation Could Reach 3% This Year As Recovery Continues

At a G7 meeting this past weekend, Treasury Secretary Janet Yellen said inflation rates could rise as high as 3% through the rest of 2021 but maintained this price increase is probably transitory. “The Hash” panel connects the dots to the crypto markets.

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Videos

Former CFTC Chairman Warns G7 Nations of Perils Getting CBDCs Wrong

Former CFTC Chairman J. Christopher Giancarlo says the U.S. has the opportunity to create a digital dollar with "aspirational desire" that protects user privacy rights and distinguishes itself from other CBDCs that may surveil its users.

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Videos

G-7 Financial Leaders To Discuss CBDCs and Other Looming Crypto Questions Friday

As G-7 financial leaders meet Friday to discuss digital currency and digital taxation, coordinated efforts on part of the G-7 to set a standard for CBDCs are forthcoming. Global crypto leader Henri Arslanian weighs in on the potential impact on the rest of the world.

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Markets

G7 Officials Stress Need to Regulate Digital Currencies: US Treasury

The U.S. Treasury Department issued a statement following a virtual call with other G7 members.

Treasury Secretary Steven Mnuchin

Policy

Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage

Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and the G7 needs to coordinate on digital currencies.

Governor of the Bank of Canada Tiff Macklem (center) at a G-7 Ministerial Meeting at the US Treasury April 11, 2008 in Washington, DC.

Policy

FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade

Finance officials never once named libra. But they didn't have to; the proposed stablecoin's shadow still looms large.

Regulators have effectively placed "global stablecoin projects" (read: libra) under siege.

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