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Companies & Markets

EU regulators to set high bar to authorise Facebook's Libra

Published Fri, Sep 13, 2019 · 11:02 AM
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[HELSINKI] European Union (EU) regulators will set a high bar on regulatory approvals for virtual currency projects in Europe, including Facebook's Libra, European Central Bank board member Benoit Coeure said on Friday.

He told a news conference after a meeting of euro zone finance ministers that there was agreement among ministers that common rules were needed to regulate cryptocurrencies as they raise concerns about financial stability.

REUTERS

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