EU Needs Own Digital ‘EuroCoin’ to Compete With Libra, Says France

Cointelegraph | Sep 13, 2019 at 11:31 AM
  • French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra.
  • Le Maire urged the European bloc to push ahead with its work to cut the cost of cross-border payments.
  • The EU’s Fifth Anti-Money Laundering Directive — which came into force in July 2018 — has revised the legal framework that EU financial watchdogs can use to mitigate the risks of money laundering and terrorism financing in the cryptocurrency sector.