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EU regulators to set high bar to authorise Libra, ECB's Coeure says

Reuters | Brussels | Updated: 13-09-2019 16:28 IST | Created: 13-09-2019 16:26 IST
EU regulators to set high bar to authorise Libra, ECB's Coeure says
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European Union 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.


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