France calls for EU rules on virtual currencies

Technology

FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration

HELSINKI (Reuters) – France’s Finance Minister Bruno Le Maire said on Friday the European Union should introduce a common set of rules to govern virtual currencies, which are at the moment mostly regulated at national level.

Arriving at a meeting of EU finance ministers in Helsinki, Le Maire said “a common framework” on digital currencies was needed for the 28 EU countries and repeated his opposition to the development of Facebook’s Libra cryptocurrency in the EU.

He also urged the creation of a European “public digital currency”, without giving more details.

Reporting by Francesco Guarascio @fraguarascio; Editing by Kim COghill

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