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The G7 Summit, to be held in Hiroshima, Japan, will discuss policy for cryptocurrencies and digital assets with a focus on the standards for global implementation of central bank digital currencies (CBDCs). There is a consensus among G7 members to strengthen regulation for these assets. Additionally, the Group of Seven aims to assist developing countries in introducing their own CBDCs. Japan, as chair of several G7 meetings, will prioritize discussions on these topics.
Leaders from G7 nations are set to propose a global regulatory framework for the digital asset sector, aimed at mitigating the risks posed to the broader financial system. The proposal will be unveiled at the G7 summit scheduled for May 2023 in Hiroshima, Japan. The decision has been precipitated by recent events such as the FTX exchange failure and the banking crisis.
Magic Eden, a popular NFT marketplace, has partnered with wallets Hiro and Xverse to offer Bitcoin Ordinal inscription support, making it one of the first major marketplaces to join the fray. Gamma is also looking to improve its infrastructure to cater to surging interest in ordinals.
Hiro builds developer tools for Stacks, the network that enables apps and smart contracts for Bitcoin. Hiro is a core entity within the Stacks Ecosystem, a collection of independent entities, developers and community members working to create a user-owned internet on Bitcoin. Hiro empowers developers with the tools they need to innovate and build on Bitcoin, in ways previously not possible.
HQ Location: 101 W 23rd St #224, New York, NY 10011, USA
HQ Timezone: America/New_York
Alexa Global Rank: 485,143
Total Employees: 30
Estimated Annual Revenue: $1M-$10M