Sector Regulation Sector Regulation

Facebook's Diem payments project in for tougher regulation, EU lawmakers vow

By Jack Schickler
  • 14 Apr 2021 11:01
  • 14 Apr 2021 11:01
Facebook’s Diem payments service is in for tougher EU regulation, as lawmakers vowed today to extend European Commission proposals for large-scale virtual currency projects with the potential to upend the financial system.

European Parliament members have zeroed in on the environmental and money-laundering impact of cryptocurrencies such as Bitcoin — but are also interested in

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