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G7 will oppose Libra launch until regulations in place By Cointelegraph

G7 will oppose Libra launch until regulations in place

Countries representing the world’s largest economies said in a draft of a statement that they would initially oppose the launch of Facebook’s Libra project.

According to an Oct. 12 report from , central bankers and finance ministers from the United States, Canada, Japan, Germany, France, Italy, and the U.K (also known as the Group of Seven, or G7), said it would halt global stablecoin projects pending appropriate regulatory oversight.

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