G7 is concerned about Libra in the report October 18 21:57
G7 = 7 major countries have published reports on the new crypto asset “Libra” that Facebook plans to issue.
He pointed out that cryptocurrencies such as Libra could be a risk that could shake the monetary policy and the stability of the currency system in each country.
In July, the G7 agreed with Libra that he had to meet the highest standards of financial regulation at the Finance Ministers and Central Bank Governors meeting in France. , Published by the 18th.
First of all, cryptocurrency assets such as Libra are faster than the current remittance system through banks, and may develop into a low-cost payment method across borders.
However, on the other hand, there is a risk of being misused for money laundering and threatening the personal information of users, and if it becomes an international crypto asset, it will stabilize the monetary policy and currency system of each country. I pointed out that it could be a risk to shake.
On top of that, he expressed concern that private companies planning to issue crypto assets would be left with many challenges to be addressed, pointing out that they would be required to deal with a wide range of laws and regulations around the world.
In addition, the FSB = Financial Stability Board, which is created by the financial authorities in each country as it may need new regulations internationally, will investigate regulatory issues and submit a new report in the spring of next year. Revealed.