FATF Joins BIS in Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns
Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.
Finance officials never once named libra. But they didn't have to; the proposed stablecoin's shadow still looms large.
Paying ransomware hackers to decrypt infected computers doesn't always work, and may even be a crime in some countries.
Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and the G7 needs to coordinate on digital currencies.
Some of Japan's lawmakers fears a digital yuan could create economic disruption if it replaces the U.S. dollar in international markets.
The working group will pool research into CBDCs.