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⚡️Just in: G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets 📍In a communique summarizing…
⚡️Just in: G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
📍In a communique summarizing the discussions, the committee reiterated its support for developing CBDCs with the caveat that further investigation was needed to ensure they are grounded in “transparency, the rule of law, sound economic governance, cyber security and data protection.”
📍Committee members also discussed the controversial “travel rule” requiring any financial institution processing cryptocurrency transactions greater than $3,000 to disclose the sender’s name, address, and account information.
