Lithuanian Finance Minister: The regulation of stable currencies such as Libra requires a global solution

According to The Baltic Course, Lithuanian Finance Minister Vilius Sapoka said recently that Facebook’s plan to issue cryptocurrency Libra is currently causing major discussions and questions. Sapoka said: "Libra is still in its early stages, but since there is no answer to the questions that may arise, it is still difficult to say what the final decision is, whether it is allowed, and how it will be controlled if allowed." Sapoka agrees with France's concerns about Libra Because Facebook may become a global financial player overnight after completing the project. He said: "The various discussions on the stabilization of the currency are very intense, but there are still many questions that have not been answered, including how it will affect the global monetary system, financial stability and competition in this area. We are also increasingly in data protection. More question marks. Only after these questions are answered can we find a global solution. The discussion on stable coins will really warm up within the framework of the OECD and the G20. I think that considering the potential of stable coins Impact will find a global solution on its regulatory issues."