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France Bans Facebook’s Libra Cryptocurrency in Europe


On Thursday, Bruno Le Mair, France’s Minister of the Economy and Finance, warned that the country will halt the development of Facebook’s planned cryptocurrency, ‘Libra,’ since the digital asset poises threats to the “monetary sovereignty” of governments. The announcement was made by Le Maire as...

France Doesn't Want Let Libra Into Europe


Due to systemic financial risks, risks for sovereignty, and the potential for abuse of market dominance, we "cannot authorize the development of Libra on European soil," French Finance Minister Bruno Le Maire said on Thursday. “All these concerns about Libra are serious," Le Maire was quoted...

EU Members Adopt Tougher Crypto Rules Than AML Directive Requires


Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member...

SEC Commissioner: US Could Draw Crypto Policy From These Countries


The U.S. Securities and Exchange Commission (SEC) could learn from other countries when finalizing its own crypto regulation, Commissioner Hester Peirce explains. While highlighting peculiar and notable features of the U.S. system, the commissioner emphasizes cross-border considerations, detailing...

G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra


G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue...

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