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Cryptocurrencies

Strict regulations for cryptocurrencies

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Cryptocurrencies pardon board

Postby Vujin В» 22.01.2020

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Finance chiefs of the G20 major economies agreed that while stablecoins could have potential benefits of financial innovation, they give rise to a set of "serious" public policy and regulatory risks. The agreement came after a G7 working group warned that when launched on a wide scale, stablecoins - digital currencies usually backed by traditional money and other assets - could threaten the world's monetary system and financial stability.

Until they are addressed, stablecoins should not be issued. That was something agreed by the G20 members," Kuroda told a news conference hosted by Japan, which chaired this year's G20 gatherings. The G20 has also asked the International Monetary Fund to examine the economic implications, including monetary sovereignty issues, according to the group's press release.

It could have a broader impact on monetary policy and financial system stability," he said. The G20 agreement underscored concerns among global policymakers about stablecoins such as Libra, which suffered a defection of a quarter of its original members that had initially backed the project.

German Finance Minister Olaf Scholz on Friday redoubled his criticism of Libra, saying creation of a new world currency should be prevented. We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at Thank you for your patience - we're bringing you a new and improved experience soon! Strict regulations for cryptocurrencies. Subscribe Log In. Article type: metered. Topic: Cryptocurrency Banking Corporate News.

What do you think of this article? It is insightful. Not in my interest. Across The Star Online.

Companies Across The Board Benefit From Cryptocurrency - CNBC, time: 1:42
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Postby Jushicage В» 22.01.2020

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Re: cryptocurrencies pardon board

Postby Mikajin В» 22.01.2020

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Postby Meztiran В» 22.01.2020

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Postby Mojar В» 22.01.2020

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Postby Kajishicage В» 22.01.2020

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Postby Akinogal В» 22.01.2020

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Postby Kigamuro В» 22.01.2020

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Postby Kagataxe В» 22.01.2020

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Postby Kajihn В» 22.01.2020

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Postby Dojas В» 22.01.2020

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Re: cryptocurrencies pardon board

Postby Akinogrel В» 22.01.2020

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Re: cryptocurrencies pardon board

Postby Babei В» 22.01.2020

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Postby Kajinris В» 22.01.2020

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Postby Tygogis В» 22.01.2020

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Postby Grogal В» 22.01.2020

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