Friday 13 September 2019
The European Union needs to establish a common set of rules for cryptocurrencies to counteract risks posed by Facebook’s Libra, France’s Finance Minister Bruno Le Maire said today. According to Reuters, Libra could pose risks to consumers, financial stability and even “the sovereignty of European states,” Le Maire said. His latest comments come just one day after he said France would block Libra’s development because it posed a threat to the “monetary sovereignty” of governments. As previously reported by Hard Fork, Le Maire said Libra posed systemic financial risks, risks for sovereignty, and the potential for abuse of market dominance associated…
This story continues at The Next Web
