On Tuesday, 6 October, the European Finance Ministers gave their first impressions of the package of measures on digital finance, presented by the European Commission on 24 September (see EUROPE B12562A10). Unsurprisingly, much of the discussion revolved around the proposal for a tailor-made regulatory framework for crypto-assets (EUROPE B12567A2).
“There are special rules for ‘stablecoins’, such as Facebook’s Libra. These will be subject to more stringent requirements”, said...