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European Union unsure how to regulate Facebook’s Libra

21 februarie 2020

The EU cannot work out exactly what Libra is according to a memo by European Commission executive vice-president, Valdis Dombrovskis.

Dombrovskis refers to the „need to ensure clarity” about what Libra is, but that the information provided by Facebook is not sufficient.

Libra is descibed as a „moving target” that does not easily within existing EU law, according to finextra.com.

The memo goes on to restate the European Commission and Council’s intentions to move without delay to set up a regulatory framework that will facilitate harnessing the opportunities of crypto-assets.

The EU made it clear in December that no stablecoins would operate under its auspices until legal and regulatory issues were addressed.

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In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?