Good Stablecoin Rules in the EU Pave the Way for CBDCs and a Digital Euro

[newshunter]

Good Stablecoin Rules in the EU Pave the Way for CBDCs and a Digital Euro

In the EU, getting laws right on Libra could be the best way to speed up a digital euro from the European Central Bank.

Source: Good Stablecoin Rules in the EU Pave the Way for CBDCs and a Digital Euro

Would appreciate your opinion about this

[KryptoBull]

I expect more openness in the EU's crypto approach, but it seems they are not yet ready to share the absolute power they hold with EUR fiat.
The good news is they don't prevent central banks from researching & testing their own CBDCs.

[Delgado]

I expect more openness in the EU's crypto approach, but it seems they are not yet ready to share the absolute power they hold with EUR fiat.
The good news is they don't prevent central banks from researching & testing their own CBDCs.

The countries of the European Union are not going to share financial power in their countries with anyone, and they are right. The loss of even partial such power can lead to the loss of the sovereignty of these states. Therefore, they did the right thing by immediately calling for the prohibition of Libra on their territory. In order for such a private coin to circulate on the territory of a number of states, this must be preceded by serious preparation not only in the financial sector, but also in all related areas.
This situation is of course pushing the European Union countries to issue their stablecoin.