Facebook announced plans in June to launch its digital currency but regulators around the world fear it could destabilise the global financial system. — Reuters
WASHINGTON/BERLIN: Finance ministers and central bankers from the Group of Seven (G7) advanced economies strongly supported the need to regulate digital currencies, the US Treasury Department said in a statement on Dec 7 after a virtual meeting of the officials.
German Finance Minister Olaf Scholz issued a sharply worded statement after the meeting, underscoring his concerns about authorising the launch of Facebook's Libra cryptocurrency – newly renamed Diem – in Germany and Europe.
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