URGENT: Digital payment services must be properly supervised, regulated: G-7

Finance chiefs of the Group of Seven industrialized nations agreed Tuesday that digital payment services must be “appropriately supervised and regulated” as both public authorities and companies are studying the issuance of digital currencies.In a joint statement released after their video conference, the G-7 finance ministers and central bank governors pledged to support the work to “analyze the risks” concerning such payments and take “appropriate policy responses.”They also expressed concern about the rising threat of ransomware attacks amid the coronavirus pandemic that often involve crypt…

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