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G7 discusses crypto, supports CBDC — Law Decoded, May 15–22

In a communique summarizing the discussions, the committee reiterated its support for developing CBDCs, albeit with some reservations. Committee members also discussed the controversial “Travel” rule requiring any financial institution processing cryptocurrency transactions over $3,000 to disclose the sender’s name, address and account information. And it expressed its total support for the initiative.

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Source: Cryptocurrency - investing.com

Marketmind: PMIs could knock stocks off highs

Jamie Dimon warns souring commercial real estate loans could threaten some banks