As for the social media giant's plan to launch digital money, regulators, central bank presidents and governments all agree that they must respect anti-money laundering rules and ensure the security of transactions and user data.
But there is also a deeper concern that the power of large technology companies is increasingly intruding into government-controlled areas, such as currency issuance.
"The sovereignty of each country cannot be jeopardized," Bruno Le Maire, France's finance minister, told reporters after the first day of the meeting. The G7 meeting lasted for two days.
"The recent announcement of the launch of Libra is clearly one of the concerns of the participants, and there is a consensus on the need to act quickly," he added.
Olaf Scholz, Germany's finance minister, said Facebook's plans "do not seem to be well thought out," adding that there are also data security issues.
"I believe we must act quickly and [Libra] cannot continue without addressing all legal and regulatory issues," Scholz told reporters.
France, the current chairman of the G7, has asked ECB Executive Director Cole to set up a G7 task force to study in depth encrypted currencies and digital currencies such as Libra.
In the quaint town of Chantilly in northern Paris, Cole presented a preliminary report to ministers and central bank officials.
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