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Libra, financial ransomware top G7 finance ministers' list of concerns

( October 13, 2020, 13:02 GMT | Official Statement) -- MLex Summary: Payment services such as Libra need appropriate supervision to guard against tax, privacy and financial-stability risks, finance ministers from the world's seven largest economies have said. The statement comes in the wake of private stablecoin initiatives, as well as central banks pondering whether to issue digital currency. Ministers and central bank governors also pledged to work together against "ransomware" attacks in financial institutions' or hospitals' online systems being held hostage in exchange for money.G7 statement follows, as released by the US Treasury Department. ...

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