Japanese authorities have set up a liaison conference that will be investigating the impact of Facebook’s Stablecoin on monetary policy and financial stability.
The conference consists of representatives from Bank of Japan, the Ministry of Finance and the Financial Services Agency which will be coordinating policies that would address the consequences of Libra’s implementation on regulation, tax, monetary policy and payment settlements.
The move comes just ahead of the upcoming meeting of the G7 finance minister that will be held in Chantilly, France on July 17 to 18.
It seems that governments from around the world is worried about the impending release of Libra given the fact that it is being released and backed by one of the most influential companies in the world that would tip the balance of power towards private corporations in terms of monetary control.
Headlines for the world of Cryptocurrencies - July 13, 2019
- Iran Becoming The Bastion For Cryptocurrency Miners
- Coinbase Whales Buying Up BTC After $1500 Dump
- Binance’s $2.5 Billion BNB Token Burn
- State Of Brazil Releases Blockchain-Enhanced Government Bidding Platform
- Crypto Now VAT-FREE IN Georgia
Headlines for the world of Cryptocurrencies - July 12, 2019
- PwC Reports Token Sales In Q1 Raised $3.3 Billion
- Crypto Too Disruptive To Ignore
- Binance Suggest Merge Mining To Mitigate Halving Shocks
- First Consumer-Facing Blockchain Token Approved By SEC
- Another Bitcoin Derivatives Soon To Hit The U.S.
Headlines for the world of Cryptocurrencies - July 11, 2019
- Blockstack Token Offering Approved By SEC
- Shell Invested In Blockchain Start Up For Energy Tracking
- Registration With Financial Watchdog A Requirement In Canada For Crypto Exchanges
- Bitcoin Core Developers Gets $60,000 Grant From Bitmex
- Gemini Eying Libra Association Membership
