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Economy

G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

Bank of Japan Governor Haruhiko Kuroda takes questions from reporters at the annual meetings of the International Monetary Fund and World Bank in Washington, U.S., October 18, 2019.   © Reuters

WASHINGTON (Reuters) -- 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 have been addressed.

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