Facebook’s Libra Hits Extra Regulatory Roadblocks in Europe
(Source: wsj.com)

clicks | 13 days ago | Google AI sentiment 0.40 | comments: discuss | tags: cryptocurrency


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(Original link: wsj.com)

Valdis Dombrovskis, who is slated to stay on as vice president of the European Commission, says planned digital currency poses a risk to the euro BRUSSELS—The European Union will introduce legislation aimed at preventing libra, Facebook Inc.’s proposed digital currency, from undermining Europe’s single currency and being used as a money-laundering tool—representing one of the toughest regulatory responses so far.
Valdis Dombrovskis, who is slated to stay on as vice president of the European Commission in charge of financial regulation, said Tuesday that libra posed a systemic risk to the euro, given the size of the companies that are behind the global cryptocurrency-based......