"We must do everything possible to make sure the currency monopoly remains in the hands of states," says German Finance Minister Olaf Scholz following a meeting of G7 finance ministers and central bankers. Don't sugercoat it, Mr Scholz, tell us how you really feel."There is strong support across the G7 on the need to regulate digital currencies," said the whole of the group in a bit more of a banal post-meeting statement.Herr Scholz on Facebook's crypto entry Libra (now renamed Diem): "A wolf in sheep’s clothing is still a wolf ... It is clear to me that Germany and Europe cannot and will not accept its entry into the market while the regulatory risks are not adequately addressed."Coinshares Chief Strategy Officer Meltem Demirors: "When someone tells you who they are, believe them. This is the battle. Prepare accordingly."As for the price of Bitcoin (BTC-USD), it continues in a pretty tight range
