The G7 committee recently met in Niigata, Japan to discuss the global financial implications of central bank digital currencies (CBDCs) and the transfer of cryptocurrency assets. The committee expressed support for the development of CBDCs but emphasized the need for transparency, rule of law, economic governance, cyber security, and data protection. The committee also discussed the controversial "travel rule" and expressed support for initiatives by the Financial Action Task Force (FATF) on virtual assets. The G7 committee comprises representatives from Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, with the European Union serving as a "non-enumerated" member.