The EU will urge the G20 to respond to stable currencies such as Libra, calling for a technology tax reform

On October 5th, a document from the European Union said that the EU finance minister will tell the finance ministers at the G20 meeting in mid-October that they need to make a global regulatory response to “stabilized coins” such as Facebook's Libra. The document said that the ministers will formally approve the text next week, and they also called on G20 partners to reform the digital company's tax policy by 2020.