Facebook’s announcement last year of plans to design the Libra cryptocurrency and payments system raised big red flags for global regulators who expressed criticism of privately-run currency. ― AFP pic
A joint statement by the finance ministers of Germany, France, Spain, Italy and the Netherlands insisted such projects should be carefully controlled and regulated. Facebook’s announcement last year of plans to design the Libra cryptocurrency and payments system raised big red flags for global regulators who expressed criticism of privately-run currency.
The European Central Bank “is the only one to be allowed to issue a currency,” French Finance Minister Bruno Le Maire said in Berlin, at a meeting of EU finance ministers.
Source: News Formal (newsformal.com)
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