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

WASHINGTON: 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. The agreement came after a G7 working group warned that when launched on a wide scale, stablecoins […]

China, US make ‘substantial’ trade deal progress: top official

BEIJING: Beijing and Washington have made “substantial progress” towards a partial trade deal, China’s top trade negotiator said Saturday, in his first comments since talks with US president Donald Trump last week. Trump announced a partial deal after meetings in Washington with the Chinese trade delegation led by Liu He, which ended on October 11. […]