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EU bars Facebook's Libra and other 'stablecoins' until rules in place

Friday 6 December 2019 | 15:20 CET | News
EU finance ministers have agreed that digital currencies such as Facebook's Libra should be banned until the bloc completes an assessment on the potential risks of the technology. "No global 'stablecoin' arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed," said the European Council and Commission in a joint statement.

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Categories: Internet / Mobile & Wireless
Companies: Facebook
Countries: Europe
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