G7 Finance Ministers Call for Regulating Cryptocurrencies

The G7 Group is calling for regulating digital currencies, according to a statement by the U.S. Department of the Treasury on Monday, Reuters reported.

This comes following a virtual meeting that gathered finance ministers and central bank governors from the group.

The German Ministry of Finance issued another statement after the meeting, which expressed concerns by the finance minister about authorizing Facebook’s Libra cryptocurrency in Germany and Europe.