A recent G7 meeting said that the sector faces an ongoing need for regulation, as digital-asset regulation has been a hot topic in 2020. It has been reported that in addition to talking about COVID-19 and economic issues, the group “also discussed ongoing 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.” A public statement from the United States Departm

The central bankers and finance ministers from the United States, Canada, Japan, Germany, France, Italy, and the UK, also known as the Group of Seven (G7) said that it would halt global stablecoin projects pending appropriate regulatory oversight, as no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements. It has been reported that countries representing the world’s largest economies said in a dr