UTC-05:00,Monday , September 16th 2019

Lithuanian FinMin: Facebook Cryptocurrency Needs Global Solution

21:52 Friday , September 13th 2019
Facebook's plans to issue its cryptocurrency, the Libra, as well as plans by other companies on the so-called stable coins cryptocurrencies, which would be pegged to stable assets, are now sparking major discussions and raising questions, Lithuanian Finance Minister Vilius Sapoka says.
Currently attending the OECD Global Blockchain Policy Forum 2019 in Paris, the minister told a common global solution is needed on the Libra and other stable coins cryptocurrencies.
"Facebook has already voiced its intention on the so-called stable coins, as well as several other technology companies, as well as a number of central banks. Of course, it's in the early stage yet but due to the absence of answers to the arising questions, one can hardly say yet what the final decision will be, whether to allow it or not, and if so, how to control it," Sapoka told.
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