G7 Nations Discuss Countering China’s ‘Economic Coercion’

G7 Countries Discuss Countering China's 'Economic Coercion,' Says US Treasury Secretary Janet YellenThe Group of Seven (G7) countries are discussing ways to counter China’s “economic coercion” against other nations, U.S. Treasury Secretary Janet Yellen has shared. Noting that Canada, France, Germany, Italy, Japan, the U.K., and the European Union share similar concerns, she emphasized that any action by the U.S. will be “narrowly scoped and targeted at […]

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US Treasury Secretary Janet Yellen Urges Congress to Act Quickly on Debt Limit, States Defaulting Would Be ‘Unthinkable’

janet yellen debt ceiling limitU.S. Treasury Secretary Janet Yellen has warned again about the consequences of the U.S. defaulting on its debt. During a press conference in Niigata, Japan, Yellen stated that this would be a self-inflicted crisis, and urged Congress to act quickly on the matter, stating that defaulting would be an unthinkable outcome on this issue. US […]

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G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies

G7 to Discuss Stricter Crypto Regulation and How to Help Developing Countries Introduce Central Bank Digital CurrenciesThe G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including the G7 public policy principle for retail CBDC,” said Japan’s Vice Minister […]

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US Treasury to Attempt Coercing European Countries Into Implementing Sanctions Against Russia

us europe russia sanctionsOfficials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut trade if they don’t comply. […]

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Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price Controls

Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price ControlsWith the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin disrupted the European Union’s main gas supplies. Now members of the European Commission […]

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105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows

CBDC Tracker Shows 105 Countries Are Now Exploring Central Bank Digital CurrenciesThere are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch). 105 Countries Are Exploring CBDCs The Atlantic Council’s Geoeconomic Centre has released a major update to its Central Bank Digital Currency (CBDC) Tracker. According to […]

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G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation

G7 Finance Leaders Call for Swift and Comprehensive Crypto RegulationThe G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation of Crypto Assets The finance ministers and central bank governors from the […]

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G7 Countries: We Will Ensure Russia Cannot Use Crypto Assets to Evade Sanctions

G7 Countries: We Will Ensure Russia Cannot Use Crypto Assets to Evade SanctionsThe Group of Seven (G7) countries issued a joint statement stating that they “will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of international sanctions.” Meanwhile, the U.S. Treasury Department is “closely monitoring any efforts to circumvent or violate Russia-related […]

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G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions

G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade SanctionsG7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of […]

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