The Latest Cryptocurrency & Blockchain News | CryptoNewsZ | October 18, 2019

Hi there, it’s Friday, October 18, 2019, and this is CryptoNewsZ. Our team at CryptoNewsZ brings you the latest headlines from the world of Blockchain and Crypto. Facebook’s ambitious and proposed cryptocurrency Project Libra is now facing more troubles. The G7 wealthy nations stated that such stable coin projects should not be allowed to launch until the international risks that they pose are addressed. In the report published on 17 October the group want that digital currency such as Libra that reached to global scale could undermine competition in international market as well as threaten financial stability and monetary policy Bruno Le Marie, the Economy minister of France further told reporters that it’s a matter of democracy not just a simple economic question and Libra could undermine Sovereign Nations control over their exchange rates. The G7 warning also come as Facebook faces a multitude of antitrust investigation. Both from the European Union and the United States. Malaysia has now opened a new Blockchain village called Medini or BVAM. The blockchain village is an official initiative by the government of Malaysia with i2M ventures Medini or BVAM is said to aid the growth of blockchain system in the country. The European Central Bank has called for highest regulatory standards on all stablecoins European Central Bank or ECB’s Executive Board member Benoît Cœuré, who also leads G7’s task force on Stable coins said that even though there was certainly no judgment that stable coin shouldn’t exist. They will have to meet the highest regulatory standards and and adhere to broader policy goals. That’s it from team CryptoNewsZ today. Stay tuned today. Stay tuned to our channel to get the latest updates from blockchain and crypto. Also, visit the Follow our Facebook page and Twitter handle. Also, please do not forget to subscribe to our Channel.

Leave a Reply

Your email address will not be published. Required fields are marked *