G7 will oppose Libra launch until regulations in place
Cointelegraph
Published Oct 12, 2020 03:25PM ET
Updated Oct 13, 2020 05:20PM ET
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 the United States, Canada, Japan, Germany, France, Italy, and the U.K (also known as the Group of Seven, or G7), said it would halt global stablecoin projects pending appropriate regulatory oversight.
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Written By: Cointelegraph
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