The next G7 meeting could bring about a push for stricter rules on Cryptocurrencies around the world from the seven largest democratic countries. According to the Kyoto News Agency reporton March 25
Leaders from Japan, USA, UK, Canada, France, Germany and EU Prepare to Work Together to Formulate a Collaborative Strategy to Increase Crypto Transparency and Improve Consumer Protection as well as managing potential risks to the global financial system. According to the official, the Kyoto news agency said this year’s summit is scheduled to take place in Hiroshima in May.
Among the G7 members, Japan has control. While regulation of the EU market in Crypto-Assets (MiCA) is set to come into force in 2024. The UK is gradually developing a crypto framework with a special tax category for crypto assets, as well as plans for the digital pound.
Canada considers digital assets to be securities and the United States is currently applying existing financial regulations. Some are expecting a crypto regulatory framework from lawmakers in the coming months.
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