G7 Says Global Stablecoins Pose Threat to Financial Stability

-
The G7 group of nations has reportedly drafted a report which says that “global stablecoins” pose a threat to the global financial system.According to the BBC on Oct. 13, a draft report from the G7 outlined the various risks associated with digital currencies. It also said that, even if member firms of the governing Libra Association addressed regulatory concerns, it may not get approval from the necessary regulators, stating.The G7 also states that global stablecoins with the potential to scale rapidly could stifle competition and threaten financial stability if users lose confidence in the coin.  Read more 

Location: Indore, India

Comments

Post a Comment

Popular posts from this blog

EOS Maker Block.One Settles With SEC Over Unregistered Securities Sale

-
Image
EOS maker  Block.One  must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening. Notably, the press release highlighted that block. One’s  token sale began shortly before the SEC released its Dao report  but “continued for nearly a year after the report’s publication.” The company did not secure an exemption from securities registration requirements and did not otherwise register the sale, the SEC said. More significantly,  Block.One’s  statement said that its ERC-20 token is no longer in circulation “and will not require the token to be registered as a security with the SEC.”    Read more
Read more

Bitcoin price must now break $9.5k

-
Image
Bitcoin price  is currently locked in a battle to stay above the descending channel and have another run at the recent high at $10,540. In order to do this, first, the digital asset needs to overtake the resistance levels at $9,300 and $9,400.  As Bitcoin fights to stay above this all-important line, traders are likely beginning to wonder whether or not last week’s explosive pump to $10,540 was simply a one-off driven by Chinese President Xi Jinping’s call  for China to accelerate the development of blockchain technology. But despite this morning’s breakout to $9,433, Bitcoin is still searching for solid ground after pulling back from the blow-off top at 10,540.  Today’s move did bring Bitcoin above the descending channel but at the time of writing a higher was not achieved and the digital asset is still posting lower highs and lower lows. Read more  
Read more

buy bitcoin using fiat currency | buy ethereum with fiat currency | Scarlett Enterprises

-
Image
Buy bitcoin using fiat currency Scarlett Enterprises offers how to buy bitcoin in easy and simple way. Scarlett Enterprises is one of the leading investment company to buy bitcoin. Scarlett Enterprises offer how to buy bitcoin using fiat currency and also how to buy bitcoin online. If you wan’t to buy bitcoin online Scarlett Enterprises is the best company. Buy ethereum with fiat currency    Scarlett Enterprises offer services to buy ethereum and also how to buy ethereum with fiat currency or how to buy ethereum tokens for investment. For buy ethereum tokens contact us. Scarlett Enterprises Scarlett Enterprises offers cutting-edge tokenization real estate asset platform development. We offer the Scarlett token offering for real estate assets. So if you're looking to tokenized real estate assets for investment, then contact us. buy tokens with  fiat currency To buy Scarlett token you must login first. We offer how to buy tokens with fiat currency . We also pr
Read more