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G7 financial leaders support regulation of digital currencies

WASHINGTON / BERLIN, Dec 7 (.) – Finance ministers and central bankers from the advanced economies of the Group of Seven (G7) strongly supported the need to regulate digital currencies, the US Treasury Department said in a statement on Monday, after a virtual meeting of senior officials, German Finance Minister Olaf Scholz issued a statement in no uncertain terms after the meeting, underscoring his concerns about the authorization for the launch of Facebook’s Libra cryptocurrency. – newly renamed Diem – in Germany and Europe.

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