The G7 has delivered its verdict: taxes on the digital giants yes, cryptocurrency Balance no

"Finance Ministers Agree Urgently to Meet Tax Challenges in the Digital Economy", he said in his closing statement at the end of the G7 Finance meeting.

At the same time, warned of the risks to the international financial system of cryptocurrency projects such as Libra announced by Facebook.

"Ministers and governments agree that projects like Libya could have an impact on monetary sovereignty and the functioning of the international monetary system"said the statement.

"All G7 members have expressed great concern about this Balance project"said the French Minister of Finance, Bruno Le Maire, at the final press conference of the meeting.

With the creation, announced in mid-June, of this digital currency that offers an alternative payment method to traditional banking channels, Facebook can revolutionize the global financial system.

Libra, which will be released in 2020, is inspired by crypto-currencies like Bitcoin.

On the other hand, the Mayor had the pleasure of noting the activities of digital activities.

"This is the first time that G7 member states agree on this principle"said the French minister.

However, his American counterpart Steven Mnuchin, although he welcomed this consensus, he warned that "There is still work to do".