EU regulators to set high bar to authorise Libra, ECB’s Coeure says

HELSINKI (Reuters) – European Union regulators will set a high bar on regulatory approvals for virtual currency projects in Europe, including Facebook’s Libra, European Central Bank board member Benoit Coeure said on Friday. He told a news conference after a meeting of euro zone finance ministers that there was agreement among ministers that common rules were needed to regulate cryptocurrencies as they raise concerns about financial stability.

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