Estimated reading time: 0 minutes, 24 seconds

RBA Skeptical About Global Stablecoins, Libra

Representatives from the Reserve Bank of Australia said they are closely monitoring cryptocurrency developments and remain unsure if there will be a “strong demand domestically.” So reports ZDNet.

libra 4283995 1920The bank reps said these developments could impact its mandates as banknote issuers as well as its other responsibilities in creating financial stability. In agreement with the G7, the RBA also said it does not think “private sector global stablecoin initiatives” should launch without proper risk mitigation and regulation.

Read the full story from ZDNet.

Read 7761 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.