Spooked by Libra, EU pledges to regulate digital currencies

By Francesco Guarascio on Oct 9, 2019 6:50AM

Spooked by Libra, EU pledges to regulate digital currencies

Finance commissioner to propose new rules risk to bolster financial stability.

The European Union's finance commissioner pledged on Tuesday to propose new rules to regulate virtual currencies, in a reaction to Facebook's plans to introduce Libra, which the EU considers a risk to financial stability. France and Germany have said that Libra, whose size would dwarf cryptocurre...

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