• Europe wary as Facebook takes up cryptocurrency challenge

    1 month ago - By Phys.org

    European financial leaders on Tuesday vowed vigilance after Facebook announced it was diving into the cryptocurrency market, as analysts warned the social media giant could face major regulatory questions.
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  • European regulators are already pressing Facebook about its cryptocurrency

    European regulators are already pressing Facebook about its cryptocurrency

    1 month ago - By The Verge

    As Facebook unveiled its cryptocurrency project today, European officials quickly called for scrutiny of the plan, raising concerns over whether the project was sufficiently regulated.
    According to comments reported by Bloomberg , French Finance Minister Bruno Le Maire said Facebook's cryptocurrency, called Libra, must not “become a sovereign currency.”
    Must not “become a sovereign currency”
    “It can't and it must not happen,” he told Europe 1 radio. Le Maire reportedly called for G7 banking officials to issue a report on Facebook's plan next month.
    A German member of the European...
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  • France demands 'guarantees' on Facebook's cryptocurrency plan

    1 month ago - By Phys.org

    France's finance minister said Tuesday that strong guarantees were needed over the use of cryptocurrencies after Facebook announced it was leaping into the market with its own digital money.
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