Germany vows to fight any efforts to issue parallel currencies

Euronews | Sep 18, 2019 at 11:34 AM
  • Germany has passed a comprehensive blockchain strategy in which Berlin vows to fight any company efforts to establish a parallel currency.
  • The German government aims to liaise closely with its European and international allies to prevent stablecoins from becoming alternative currencies.
  • Facebook’s Libra is in close contact with European regulators such as Germany’s financial markets watchdog Bafin to sound out regulatory hurdles.