WASHINGTON: Facebook´s proposed digital currency must have legal and regulatory issues worked out in key economies before it can be put into use, the Group of Seven economies said Thursday.
In a new report on stablecoins -- a type of digital currency backed by reserves assets -- the G7 also urged regulators to coordinate their work to prevent issuers from seeking out the most favorable country from which to operate.
"For stablecoin developers, a sound legal basis in all relevant jurisdictions... is an absolute prerequisite," according to the report from the G7 working group led by Benoit Coeure.
Trump Media share prices fall taking his net worth down as hush money trial begins
High-speed diesel goes up by Rs8.14 per litre to Rs290.38 per litre, reads notification
Electricity rate should be reduced for industrial consumers, says Premier Shehbaz
Govt is set to announce new prices of petroleum products for next fortnight
Microsoft founder names three professions which can withstand AI
“We are ready to reduce roti price if the Punjab government provides us subsidy,” nanbais say
