WASHINGTON, Oct 13 (Reuters) - Financial leaders of the
world's seven biggest economies on Tuesday underscored their
concerns about rising ransomware attacks amid the COVID-19
pandemic, and said no stablecoin operation should start until it
is properly regulated.
In a joint statement, the finance officials of the United
States, Canada, Japan, Germany, France, Italy and Britain said
said digital payments could improve access to financial
services, cut inefficiencies and costs, but such payments should
be "appropriate supervised and regulated."
"The G7 continues to maintain that no global stablecoin
project should begin operation until it adequately addresses
relevant legal, regulatory, and oversight requirements through
appropriate design and by adhering to applicable standards," the
(Reporting by Andrea Shalal
Editing by Chizu Nomiyama)