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September 14, 2020
BERLIN (AP) — Finance ministers from five of Europe's biggest economies called Friday for the European Union to produce strict rules for new private digital currencies such as Facebook-backed Libra and ban those that don't comply.
The ministers from Germany, France, Italy, Spain and the Netherlands said in a joint statement that new regulations being drawn up by the EU's executive commission — and expected this fall — should seek to “preserve our monetary sovereignty and address the risks to monetary policy, and on the other hand protect EU consumers.”
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