G7 Members Likely To Discuss Stricter Crypto Regulation in May

Discussions will commence just days before the G7 summit in Hiroshima, Japan, and will involve talks surrounding the risks digital assets pose to the global financial system

article-image

Source: Shutterstock / Svet foto, modified by Blockworks

share

The Group of Seven (G7), consisting of the world’s largest industrialized democracies, is expected to discuss the adoption of stricter crypto regulations in two months’ time as attention on the nascent asset class mounts.

In a bid to promote what officials are calling transparency and consumer safeguards, the G7 will speed up discussions ahead of a meeting of finance ministers and central bankers in mid-May, Kyodo News reported Sunday. 

Discussions will commence just days before the G7 summit in Hiroshima, Japan, which is expected to involve talks surrounding the risks digital assets pose to the global financial system. 

The G7’s decision to prioritize stricter regulations on crypto could have wider implications for the industry and investors. Similar issues are expected to be discussed by finance ministers and central bankers from 20 major economies in Washington in mid-April, per the report.

It follows in the wake of FTX’s implosion in November, which prompted regulators to formulate stricter rules for exchanges and digital asset service providers as they sought measures to enhance transparency and accountability.

The G7, comprising Britain, France, Germany, Canada, Italy, Japan, the US and the EU is seeking the establishment of further regulations as well, recognizing digital assets via a legal framework.

Japan is one of the few member states within the G7 to have industry-related regulations in place, while the EU continues its work on MiCA, expected to govern digital assets in the bloc, and set to begin its 18-month transitional period in April.

Across the Atlantic, the US and Canada are attempting to retroactively apply existing financial regulations against the crypto industry as concerns mount over how to police the nascent asset class.

Moves from regulators, including the Securities and Exchange Commission against crypto firms like Ripple, have prompted industry participants to call for an exit from the US.


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

The network is at a “pivotal juncture,” Blockworks Research’s Marc-Thomas Arjoon said

article-image

Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders

article-image

Solana Foundation’s former head of strategy proposes increasing the disinflation rate

article-image

With much of the bitcoin mining supply chain based in Asia, US-based operations now face higher equipment prices

article-image

Anticipating an economic downturn, venture firms may be less likely to invest

article-image

Trump’s tariffs may have potentially significant impacts on GDP, household spending and food prices — if they hold