Germany Unveils New Plan to Block Private ‘Parallel Currencies’: Libra

Cointelegraph | Sep 18, 2019 at 8:57 AM
  • Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty.
  • Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today.
  • The newly-approved strategy will see Germany liaising closely with European and international allies to prevent digital stablecoins from becoming alternative currencies, as well as intensifying its dialogue with the Bundesbank to explore the potential benefits and risks of digital central bank money.