Spooked by Libra, EU pledges to regulate digital currencies

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

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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