'Stablecoins' could hinder efforts to stamp out money laundering - global watchdog

LONDON (Reuters) - The spread of cryptocurrencies such as Facebook's Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a global watchdog on illicit finance said on Friday. "Stablecoins" - digital currencies typically backed by traditional money - could spark the mass adoption of cryptocurrencies and peer-to-peer transfers, cutting out the need for regulated middlemen and hindering efforts to halt criminal use, the..