Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose are addressed.
Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.
Venezuelan authorities are determined to step up the nation's oil production to inject more funds in the social sector amid US sanctions, President Nicolas Maduro said, addressing the rally against the US economic blockade.
U.S. President Donald Trump imposed a freeze on all Venezuelan government assets in the United States on Monday, sharply escalating an economic and diplomatic pressure campaign aimed at removing socialist President Nicolas Maduro from power.
In a report detailing NATO’s deterrence policy, a Canadian senator for the Defence and Security Committee of the alliance’s Parliamentary Assembly accidentally revealed several sites the US uses to store its weapons of mass destruction in Europe. The list includes bases in Turkey, Germany, Italy, the Netherlands, and Belgium.
Facebook, which is expected to pay $5 billion in fines for violating privacy rules, is going to launch a new cryptocurrency, supported by big tech companies and backed by hard currencies. The offering has raised serious concerns among lawmakers over how it will be governed.