Cryptocurrencies
EU Aims for Tight Grip on Digital Currencies to Stave Off Risks
- Scholz, Le Maire say issuance of currency remains public task
- ECB to discuss creation of digital euro in coming weeks
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Finance chiefs from the euro area said a strict regime is needed to control digital currencies and keep private initiatives such as Facebook Inc.’s Libra project from threatening financial stability.
Speaking in Berlin on Friday, top officials from the bloc’s biggest economies sought to reinforce the message that the European Central Bank will be the only institution allowed to issue currencies, and that any other activities should be forbidden if they undermine the integrity of the financial system.