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.

Feb 9, 2021 at 4:42 p.m. UTC
Updated Sep 14, 2021 at 12:09 p.m. UTC

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.

  • 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, reports 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.

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