g7

FATF Holds Global Forum to Discuss Crypto Supervision

</header> <strong>The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies are global products.</strong> Also read: Regulation Roundup: EU-Wide Crypto Regulations, New Rules …

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Indian Finance Minister Answers Crypto Questions at IMF Meeting

<header class=”article__header”> </header> <strong>At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference.</strong> Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks …

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G20 Informed Stablecoins Could Pose Financial Stability Risk

<header class=”article__header”> </header> <strong>The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges.</strong> Also read: Unicef Launches Cryptocurrency Fund Financial Stability Risk …

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Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

<header class=”article__header”> </header> <strong>Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data.</strong> Also read: China Publishes New Rankings of 37 Crypto Projects …

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G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

<header class=”article__header”> </header> <strong>G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast </strong><strong>regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation.</strong> Also read: G20 Leaders Issue Declaration on Crypto Assets – A …

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Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7

The G7 group of nations has warned that cryptocurrencies such as Facebook’s Libra are a threat to global financial stability. A task force set up by the G7 to examine the issues said that rules of the “highest” standards are needed to minimize the use of digital currencies in money laundering and funding terrorism, Reuters reports Thursday. …

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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

<header class=”article__header”> </header> <strong>Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance …

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

<header class=”article__header”> </header> <strong>A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.</strong> Also read: G20 Leaders Issue Declaration on …

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