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Transcripts For DW Business 20190718 01:02:00

Is facebooks new crypto currency a threat to Central Banks leading g 7 economies say they need to act fast to contain libra before it debuts in 2020 we have the details. And next time you. Take a good look under the hood things are popping up from brazil to iran. This is your Business Report im stephen beards in berlin thanks for watching how seriously are governments taking facebooks plans to launch its cryptocurrency currency libra next year serious enough that Finance Ministers from 7 leading global economies spent much of wednesday talking about how to rein in the coin they focused on concerns like Money Laundering and Data Security but they also worried about what libra might mean for the global moneta ....

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Transcripts for MSNBC MSNBC Live With Hallie Jackson 20191024 14:59:00

Whether or not facebook should be launching a cryptocurrency. the major news is that he would not launch libra, as it s called, unless all u.s. regulators are behind it and sign off on it. looking ahead to the 2020 election, zuckerberg says facebook is better prepared. he says they re better prepared for the threats that are to come. again, those threats continue to evolve. yesterday definitely a checking the box. facebook now has testified here in congress for i believe about 17 hearings is what the team is saying at facebook. they re trying to answer questions. he s certainly not out of the woods yet, hallie. there s 47 state attorneys general who are going to be investigating facebook now for antitrust. so a long way to go forward for zuckerberg. jo ling kent, safe travels back home. thank you. thank you for joining us for another busy hour of msnbc live. happy to turn it over to chris jansing in new york. chris, i m going to head over to ....

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Detailed text transcripts for TV channel - DW - 20190718:01:03:00

Leaders said they were determined to ensure the regulator recrown was prepared for the arrival of facebook s libra the given finance the g 7 finance ministers and central bankers sitting together here all have grave concerns about facebook s proposals and have set themselves the goal of very carefully checking that all current regulations are being complied with and checking whether the rules need to be changed for the future so that we can ensure the stability of international financial systems systems good morning. sir if labor is to be used for payments it will have a significant impact on the economy and financial system if facebook wants it to be used globally countries must seek a globally coordinated response. or you will dismiss. central bankers don t appear to have been at all convinced by facebook s assurances that it has no intention of competing with sovereign currencies i will only launch libra once regulators are satisfied. to system around the table wasn t limited to fac ....

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