The conclusions came as G7 finance ministers meeting in Chantilly (France) on Wednesday agreed to address tax challenges raised by the digital economy and to push ahead with plans for a minimum corporate tax level. Among their concerns is the risk that the new currency, to be called Libra, could be used for illicit activity such as money laundering or drug trafficking.
US lawmakers also worry that the massive reserve created with money used to buy Libra could affect the global financial system and challenge the role of the dollar as the world's main reserve currency. Regulators and governments have called on Facebook to respect anti-money laundering rules and ensure the security of transactions and user data.
