Japan is set to push for the regulation of central bank digital currencies (CBDCs) and cryptocurrency at the upcoming G7 summit. Japan is taking a proactive stance on digital currencies, and has been working to develop its own CBDC, known as the Digital Yen.

Japan's push for CBDC and cryptocurrency regulation could help to create a more stable and secure environment for digital currencies, while also addressing concerns about money laundering and other illicit activities. It could also pave the way for greater adoption of digital currencies in the global economy, as governments and financial institutions become more comfortable with the technology.

Japan has been a leader in the development of digital currencies, and has been working closely with other G7 countries to share knowledge and expertise on the topic. As the global economy continues to evolve and digital currencies become more prevalent, it will be important for governments and regulators to work together to create a framework that allows for innovation and growth, while also ensuring the safety and security of users and investors

(by Assad Jafri)