President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting...
Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.
"The collapse of FTX was a serious wakeup call on the need for proper consistent regulation across borders," said Masato Kanda, Japan's senior financial diplomat.
The Group of Seven (G-7) industrialized nations will make global crypto regulations tougher, with a focus on increasing business transparency and consumer protection, accordin...