
G7 Leaders Demand More Oversight of Cryptocurrency Trading
The G7 is taking steps to address concerns over the lack of regulation in the cryptocurrency industry. According to reports, the G7 is planning to promote tougher regulations of the crypto sector during the 49th G7 summit, which is scheduled to take place in Hiroshima, Japan, in May 2023. The goal of this plan is to increase transparency and consumer protections. The move comes in response to concerns about the potential risks that crypto assets pose to the global financial system. The collapse of FTX, a major cryptocurrency exchange in November, exposed the poor governance of the industry and sent