Japanese government plans to conduct research of influence of Facebook developing stablecoin Libra on global economy – investment resource has learned.
As it has become known, Japanese authority has created working group, which will study Libra effect on monetary policies of different countries and world financial stability. New group includes representatives of Bank of Japan, Ministry of Finance and Financial Services Agency. This week already have been held premier meeting of the working group.
Newly compounded group has also an aim to make recommendations, taking into account the effect of Libra emergence on regulators, tax and monetary policy and cash payments.
It`s expected that the working group will also include representatives of other Japanese departments and regulators, because aftermath of Libra emergence will be significant.