Despite the movements on the crypto Community being more hard in regulations from the Authorities in Europe due the 5AMLD policy, that took Crypto firms and exchanges to find more favourable places to continue their business and protect their clients privacy, other players are getting into CBDC's in Europe.
The Bank of England (BoE), the UK's Central Bank announced recently that is exploring the usecase of the digital version of money and what benefits could be brought by the asset.
To make the project walk, the BoE made strategic partnerships with other Central Banks, that will work together to study more about the theme and in future, maybe, implement it as a way to fight the dollar hegemony in the world.
The Facebook project of a global stablecoin is facing one more retreat, as the Vodafone, the giant telecommunication company from UK quit the association that will maintain the Libra Digital Currency, that is planning to be released this year, giving one more headache to ZuckBucks and his Team from Libra.
Until now, since it's announcing in June 2019, the stablecoin project only faces problems, beginning from Regulators and non acceptance of it in certain European Nations, where was released an law forbidden the project.
Only time will tell what will be the Libra Digital Currency project from Facebook.
*Image from unsplash.com
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