G-7 seeks urgent action to address concerns about Libra currency

The Group of Seven industrialized nations on Wednesday called for urgent regulatory measures and other types of action to address "important concerns" sparked by Facebook Inc.'s proposed digital currency Libra, French Finance Minister Bruno Le Maire said.The call, made on the first day of a two-day meeting of the G-7 finance ministers and central bank governors in Chantilly, north of Paris, cast doubt over the social media giant's plan to create a cryptocurrency-based payments system as early as next year."The overall mood around the table was clearly one of important concerns about the rec…READ FULL ARTICLE