the G7 countries may push for stricter global regulations on cryptocurrencies during their upcoming meeting in Hiroshima in May. This joint strategy aims to increase crypto transparency, enhance consumer protection, and address potential risks to the global financial system. Japan and the European Union already have crypto regulations, while Canada treats digital assets as securities.
The United States only recently implemented existing financial regulations for crypto. The Financial Stability Board, the International Monetary Fund, and the Bank for International Settlements are also leading efforts toward standards for digital assets.