#EU #Facebook #Stablecoin #Libra #Regulation

G7 will oppose Libra launch until regulations in place

“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.” Countries representing the world’s largest economies said in a draft of a statement that they would initially oppose the launch of Facebook’s Libra project. According to an Oct. 12 report from Reuters, central bankers and finance ministers from […]

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