Quote from: wxxyrqa on October 19, 2019, 09:08:12 AM

Today I read information that a G7 report on cryptocurrency was published.
The authors of this document stated that bitcoin and other cryptocurrencies are not reliable means of payment and seem dangerous for storage.
Nevertheless, the report refers to the fact that stable coins are the exception and that such coins have real potential for everyday use.
The team that conducted the research turned up that not a single global project of stable coins can be legally used until the relevant laws are adopted for control, regulation, etc.

My interpretation is that the G7 feels threatened by stablecoins. Libra brought the issue to the forefront, but the ballooning of Tether in market size also seems like a pressing issue for them.

As long as Bitcoin is seen primarily as a speculative vehicle rather than a ubiquitous medium of exchange, they don't seem overly concerned about it.