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Japan’s Finance Minister Calls on G7 to Discuss CBDCs at Talks Friday

The G7 meeting on Friday is a virtual meeting and will be the first since U.S. President Joe Biden was sworn into office on Jan. 20.

Japan’s finance minister, Taro Aso, suggested on Tuesday the G7 finance ministers should have discussions over central bank digital currencies (CBDC) during Friday’s virtual meeting.

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  • The G7 meetings are attended by officials from Canada, France, Germany, Italy, Japan, the U.K., and the U.S. to discuss global economic governance, international security and energy policy.
  • "I think it's important for us to thrash out (policy measures regarding) digital currency issued by central banks," said Aso said at a press conference, reportshttps://mainichi.jp/english/articles/20210209/p2g/00m/0bu/096000c The Mainichi.
  • In December, G7 Finance Ministers said they see a need to regulate digital currencies, according to a U.S. Treasury Department statement.
  • Last year G7 attendees talked about responses to the ever-changing landscape of cryptocurrencies and other digital assets as well as government efforts to prevent their use for illegal purposes.
  • The G7 meeting on Friday is a virtual meeting and will be the first since U.S. President Joe Biden was sworn into office on Jan. 20.
  • The virtual meeting is ahead of the official summer G7 gathering in 2021, which will be held in the U.K. this year.

Read more: G7 Officials Stress Need to Regulate Digital Currencies: US Treasury

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.

Tanzeel Akhtar