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Cryptopolitan 2019-10-09 06:33:57

Why commission is keen to bar Facebook Libra in EU?

Valdis Dombrovskis, a Latvian politician, thinks that Europe (EU) has to observe a common approach and possibly ban Facebook Libra in the EU along with similar cryptocurrencies. He is also the nominee for Executive Vice President-Designate of the European Commission, and he has stated that he intends to introduce legislation for this purpose. Not a red carpet welcome for Facebook Libra in EU The two countries, Germany and France, believe that Libra would grow bigger than cryptocurrencies like the Bitcoin, and this may restrict their financial supremacy. The European Union does not have regulations for crypto-assets, which was not considered

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