German Gov’t Speaks Against Approval of Facebook’s Libra in Europe

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The government of Germany has spoken against Facebook’s Libra stablecoin in the EU, but notes openness to a state-run cryptocurrency. The government of Germany has spoken against the authorization of the development of Facebook’s forthcoming Libra stablecoin in the European Union.As German weekly news magazine Spiegel reported on Sept. 13, the Christian Democratic Union (CDU) parliamentarian Thomas Heilmann — who is responsible for the blockchain policy of the CDU and Christian Social Union in Bavaria set to be approved later in September — the government will deny projects like Libra.“Not to allow market-relevant private stablecoins”Heilmann stated that it was agreed…
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German Gov’t Speaks Against Approval of Facebook’s Libra in Europe

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