In the biggest hint yet that the ECB is open to the idea of welcoming a project like Libra—subject to regulatory compliance, of course—Lagarde said a digital euro “could provide an alternative to private digital currencies and ensure that sovereign money remains at the core of European payment systems.
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EU: four years to provide clear crypto asset regulations
New documents suggest that putting rules in place governing the use of stablecoins and cryptocurrencies will not happen until 2024
The goal is to make it faster, easier and less expensive to use digital assets like cryptocurrencies and stablecoins throughout the eurozone by providing a regime of “same risk, same rules, same regulation.”
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Facebook CEO mark Zuckerberg's Libra stablecoin project is taking yet more heat from EU ministers (Photo: Wikimedia Commons/Anthony Quintano)EU leaders to Libra: Follow tough rules or face ban
In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else
Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.
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Stuart Levey's goal as CEO of the Libra Association is to calm its critics (Photo: Libra Association)Stuart Levey to lead Libra Association, comfort critics
A top HSBC executive and Treasury Department official in charge of financial crimes and sanctions, a big part of the new CEO’s role is to reassure central bankers, regulators, and elected officials
By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.
