Svmuu News: The G7 Central Bank Working Group on Quantum Technologies has released its first public report, warning that quantum computing could have far-reaching implications for the global financial system and pose significant security challenges to traditional encryption systems. Established in 2025 and led by the central banks of France and Canada, the working group brings together several major central banks from around the world. The report notes that quantum computers capable of breaking encryption are highly likely to emerge within the next decade, and that "collect-and-decrypt" attack patterns will threaten the security of financial data. It recommends that financial institutions review their encrypted assets, gradually transition to post-quantum cryptography, and strengthen multi-party collaboration. At the same time, quantum technology can also empower applications such as risk modeling, asset allocation, and economic forecasting. This report signifies that G7 central banks have formally incorporated quantum technology into their financial stability considerations, which may drive long-term upgrades to global financial infrastructure. (Crowdfundinsider)