Europe is ready to “prevent the development” of risky digital currencies including Libra until all concerns have been addressed, according to the latest proposal to be discussed by EU finance ministers and seen by EURACTIV.com. Facebook’s project to launch a digital currency has sparked a global backlash since having been announced last summer. On Friday (8 November), EU finance ministers will discuss how to best respond to the myriad of challenges brought by this ‘stablecoin’, a digital token backed by sovereign currencies. The latest draft text brings back the possibility of banning ‘global’ stablecoins that create ... (full story)