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EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows

The tough approach, originally targeting Facebook’s now-abandoned Libra project, could see rivals to fiat currency outlawed in the bloc after certain thresholds are hit.

Updated May 11, 2023, 3:41 p.m. Published May 11, 2022, 6:42 p.m.
Euro banknotes (Elena Popova/Getty Images)
Euro banknotes (Elena Popova/Getty Images)