France creates G7 cryptocurrency task force as Facebook's Libra unsettles governments

PARIS (Reuters) – France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday. Governor Francois Villeroy de Galhau said the task force would be led by Benoit Coeure, a European Central Bank board member. Facebook […]

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EU trade surplus with U.S. expands, deficit with China larger

BRUSSELS (Reuters) – The European Union’s trade surplus in goods with the United States increased in the first four months of 2019 while its deficit with China widened, figures that could further strain global tensions. The European Union’s surplus with the United States grew to 48.2 billion euros ($54.0 billion) in Jan-Apr 2019 from 46.0 billion euros in the same […]

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Germany cautious on EU tech tax as France adds ‘sunset clause’

VIENNA (Reuters) – A European Union tax overhaul to raise levies on large digital firms needs a thorough debate although an agreement could still be found by the end of the year, Germany’s Finance Minister Olaf Scholz said on Saturday. FILE PHOTO: German Finance Minister and vice-chancellor Olaf Scholz attends the weekly cabinet meeting in Berlin, Germany August 1, 2018. […]

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