2019-10-18 12:04 |
Earlier this week I told you Facebook‘s ‘cryptocurrency‘ saga had turned into a soap opera and that it was going to be a long season, and it seems I wasn’t wrong. The technology giant is facing a new challenge after the G7 said on Thursday that such stablecoins shouldn’t be allowed to launch until international risk was assessed.
Ultimately, regulators and governors are scared about Libra‘s potential impact on the world’s monetary system and financial stability — a concern echoed by the G7 working group report. There are also concerns about the digital currency being used for money laundering and financing…
This story continues at The Next Web
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