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G7 Set to Release the Guidelines for the Creation of CBDCs
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G7 Set to Release the Guidelines for the Creation of CBDCs

The Group of Seven (G7) industrialized nations are looking forward to accepting the proposals of a draft which seeks to enshrine some set of standards in the creation and issuance of CBDCs.

G7 Inks New Taxation Deal, What is in it for Crypto Firms?
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G7 Inks New Taxation Deal, What is in it for Crypto Firms?

G7 has entered a new Tax arrangement that may impact crypto companies operating globally.

G7 Will Meet to Discuss CBDC and Digital Tax this Week Says Japan’s Finance Minister
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G7 Will Meet to Discuss CBDC and Digital Tax this Week Says Japan’s Finance Minister

The Group of Seven (G7) will meet on Feb.12 to discuss central bank digital currencies (CBDC), digital taxation and global debt according to Japan’s Finance Minister Taro Aso.

Bank of Canada Governor Advocates Globally Coordinated Approach to CBDC
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Bank of Canada Governor Advocates Globally Coordinated Approach to CBDC

The governor of the Bank of Canada Tiff Macklem has advocated for a “globally coordinated” approach with respect to CBDC development.

Facebook’s Libra Launch Will Be Halted Until Proper Regulations Are Set, According to G7 Draft
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Facebook’s Libra Launch Will Be Halted Until Proper Regulations Are Set, According to G7 Draft

A G7 statement showed that the financial leaders of the world’s seven largest economies will oppose the launch of Libra.

G7 Reports Stablecoins Like Libra Threaten Financial Security
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G7 Reports Stablecoins Like Libra Threaten Financial Security

According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.

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