Digital
Assets Discussed during G7 meeting, says U.S. Treasury Department
Central bank officials and
finance minister from the Group of 7 nations discussed crypto assets during a
meeting, the U.S. Treasury Department said yesterday.
According to a statement from
U.S. Treasury Secretary Steve Mnuchin, the discussions were focused on the
Covid-19 pandemic but they also spoke about digital assets. The statement
read:
"They 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. There is strong support across the G7 on the
need to regulate digital currencies. Ministers and Governors reiterated
support for the G7 joint statement on digital payments issued in
October."
The Treasury Department under
Mnuchin has pursued a number of crypto initiatives, primarily through the
Office of the Comptroller of the Currency. Last week Brian
Brooks, the acting Comptroller of the Currency was featured on CNBC and
gave the crypto community some positive news after he said "nobody is
going to ban bitcoin."
