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EU crypto rules must balance innovation and risk, Lagarde tells EU lawmakers

( December 2, 2019, 14:47 GMT | Official Statement) -- MLex Summary: EU regulations for cryptocurrency assets such as Facebook's Libra should balance support for innovation with attention to risks to the safety, efficiency and stability of financial and payment systems, Christine Lagarde said in her first speech to EU lawmakers as president of the European Central Bank. The ECB would continue to study the applications of distributed-ledger technology on financial markets, but warned that central bank digital currencies could affect monetary policy, or change the stability of the global financial system, Lagarde told the economic and monetary affairs committee of the European Paliament.Statement follows....

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