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G20 Informed Stablecoins Could Pose Financial Stability Risk


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. Also read: Unicef...

Libra Could Merge With China’s Crypto in Taiwan, Says Foxconn Founder


Foxconn’s founder and the richest man of Taiwan, Terry Gou, wants the island nation to embrace the ambitious Libra digital currency project of Facebook. In his latest speech, Gou has said that unlike other governments that have skeptically approached the Libra project, Taiwan could welcome it...

Despite a Row of Defections, Facebook Unveils its Crypto Libra


The recent row of defections by major global companies doesn’t seem to have deterred Facebook’s spirits. The leading social network giant, on Monday, has officially taken a step forward with its plans of creating its own cryptocurrency known as Libra. The Libra Association has signed up 21 members...

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