EU considers launching its own cryptocurrency in response to Libra ‘threat’

…The draft European Union text […] also urges the bloc to develop a common approach to cryptocurrencies, including possibly banning projects deemed too high-risk…

…in its most ambitious version, the project could allow consumers to use electronic cash, which would be directly deposited at the ECB, without need for bank accounts, financial intermediaries or clearing counterparties. […] that raises technical challenges, and opposition from banks is likely…

micky.com.au/eu-considers-launching-its-own-cryptocurrency-in-response-to-libra-threat/