Articles of Libra stablecoin

Editor's note: The original title was "G20: Major global economies need to fill regulatory gaps to avoid destabilizing currencies such as Libra" The Group of 20 (G20) said on Tuesday that major economies around the world need to fill in the gaps in their rulebooks to avoid destabilizing digital currencies like Facebook ’s Libra stablecoin. […]

Source: Reuters , original author: Huw Jones, Tom Wilson Source: Odaily Planet Daily, Translator: Yu Shunsui The Group of 20 (G20) regulator said that major global economies need to fill in the gaps in their rulebooks to avoid destabilizing digital currencies such as the Libra stablecoin planned by Facebook. Stablecoins are linked to traditional currencies […]

The Financial Stability Board (FSB) published two reports on December 9, 2019. The first report, BigTech in the Financial Industry: Market Development and Potential Financial Stability Impacts, acknowledges the benefits of BigTech's entry into the financial industry, including the potential for greater innovation, diversity and financial services delivery. Efficiency, and promoting financial inclusion, especially in […]

Last week, in a letter to members of the European Parliament, European Central Bank President Christine Lagarde talked about stablecoins and Libra. Lagarde believes that Facebook's social media attributes make it a strong competitive advantage in stablecoin development, and the combination of social media data and financial data will cause other operators to lose competitiveness. […]

Some US lawmakers are seeking to classify stablecoins as securities. As Facebook's stablecoin Libra considers adopting a stablecoin pegged to fiat currencies rather than a single token backed by a basket of national currencies, this proposed crypto project may face another regulatory hurdle. Image source: Pixabay Meanwhile, lawmakers who support the bill say stablecoins should […]