France, Germany Move To Block Libra Cryptocurrency

Law360 (September 13, 2019, 6:42 PM EDT) — A day after the French finance minister said the Facebook-led Libra cryptocurrency should not be allowed to take root in the European Union, the government of Germany joined in, with both countries saying Libra threatens the inherent sovereignty of nation-states.

The finance ministries of France and Germany in a short joint statement Friday acknowledged concerns over the speed and efficacy of cross-border payments, and called on central banks in Europe to work to find a solution using a public digital currency, in a clear rebuke of the Swiss-based Libra project.

A working group has been created within the G-7 to address concerns…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Source link

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...