EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief
The planned regulatory regime could include stricter rules for projects deemed "global stablecoins," a subtle reference, possibly, to Libra.
An executive member at the European Central Bank says a digital euro could protect the eurozone's monetary sovereignty from outside influence.
The European Commission has formally proposed legislation that will provide a comprehensive regulatory regime for cryptocurrencies.
In a speech at a Reuters online event Wednesday, Lagarde said bitcoin was a "highly speculative" asset.
Finance ministers from five European countries have called on the EU Commission to introduce tough regulation for stablecoins.
Participating member states can stage their testnet nodes on hardware with specs roughly equivalent to a PC gamer’s tower.