homeWelcome, sign in or click here to subscribe.login




Subscriber content preview

September 14, 2020

EU heavyweights seek strict rules for digital currencies

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.”

. . .

To read this story in full login or purchase a subscription.

Email or user name:
Forgot password? Click here.