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G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

5 years ago
Anonymous $JavybBYWR5

https://www.reuters.com/article/us-imf-worldbank-g20-stablecoin/g20-kicks-off-debate-to-regulate-stablecoins-in-hit-to-facebooks-libra-idUSKBN1WX2AH

Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose are addressed.