Sector Regulation Sector Regulation

Comment: Facebook's Libra will be restricted, not banned, under new EU plans

By Jack Schickler
  • 15 Sep 2020 05:31
  • 15 Sep 2020 05:31

Virtual currencies and other innovative payment methods could ultimately get a boost from EU regulators, despite spiky rhetoric directed toward the Facebook-backed Libra project.

Finance ministers on Friday made eye-catching statements about banning the proposed new virtual asset from Europe altogether. But more privately, officials talk of regulations enabling, not banishing,

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