G7 Pledged Support for ‘Appropriate’ Bitcoin Regulation at June Summit

Representatives at a Group of Seven (G7) meeting in Germany this June announced support for “appropriate regulation” of virtual currencies.

A global organization comprised of the heads of state from some of the world’s largest economies including Canada, France, Germany, Italy, Japan, the UK and the US, the G7 met in Bavaria on 7th and 8th June.

According to the group’s summit statement, the G7 is looking to oversee digitalCURRENCY activity through the lens of terrorism financing, which it deemed “a major priority”.