https://wccftech.com/eu-mulls-crytocurrency-regulations-as-facebook-continues-its-libra-crucade/

Today, the EU finance commissioner, Valdis Dombrovskis, vowed to introduce a legal framework for regulating virtual currencies. This development comes as Facebook’s (NASDAQ:FB) plans to launch its own cryptocurrency, known as Libra, have garnered widespread attention from the highest echelons of power throughout the globe.

In an address to EU lawmakers, Dombrovskis said, “Europe needs a common approach on crypto-assets such as Libra. I intend to propose new legislation on this.”