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Facebook-led Libra must have stable conversion rate into fiat currency, EU lawmakers say

( October 8, 2020, 15:46 GMT | Official Statement) -- MLex Summary: Stablecoins like the Facebook-backed Libra should have a stable conversion rate with regular fiat currencies, EU lawmakers said today in a motion on digital finance. The declaration meant Facebook would not dictate the direction of fintech policy in Europe, a statement by center-left lawmakers said.Statement from European Parliament follows. Statement from Socialists and Democrats group attached. ...

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