G7


Markets

G7 Warns of Crypto Threat From Tidal Wave of Ransomware Attacks

Paying ransomware hackers to decrypt infected computers doesn't always work, and may even be a crime in some countries.

The WannaCry ransomware attack infected over 200,000 computers in 2017.

Policy

Fearing 'Currency Struggle,' Japanese Politicians Want G-7 Response to China's Digital Yuan

Some of Japan's lawmakers fears a digital yuan could create economic disruption if it replaces the U.S. dollar in international markets.

Credit: Shutterstock

Markets

6 Central Banks Form Digital Currency Use Case Working Group

The working group will pool research into CBDCs.

Bank for International Settlements. Basel, Switzerland.

Markets

FATF Joins BIS in Calling Stablecoins 'Global Risk,' Citing Money Laundering Concerns

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.

money_laundering_shutterstock

Markets

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.

bitcoin image

Markets

Facebook Libra Risks to Financial Stability Demand 'Highest' Regulatory Standards, Says G7

The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation.

mark, facebook

Markets

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

Japan finance ministry

Markets

G7 Forming Task Force in Response to Facebook's Libra Cryptocurrency

France is setting up a task force within the Group of Seven nations to examine regulatory issues raised by Facebook's Libra cryptocurrency.

Francois Villeroy de Galhau via Bank of France

Markets

2018: The Year Central Banks Begin Buying Cryptocurrency

A former central banker is predicting big changes on major central bank balance sheets as cryptocurrencies continue to gain adoption and market share.

bank, vault

Markets

G7 Pledged Support for 'Appropriate' Bitcoin Regulation at June Summit

Representatives at a Group of Seven (G7) meeting in Germany this June announced support for "appropriate regulation of virtual currencies".

G7

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