Today’s payment news roundup includes a look at more fears and concerns around Libra, the spreading losses related to Uber and WeWork, fresh PYMNTS research on subscription commerce and churn and a new tool that enables small and medium-sized business (SMB) operators to access their funds instantly via digital and mobile channels.
Libra Fears Spark EU Promise To Govern Crypto
No one said it would be simple.
New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch.
France and Germany are among the many countries alarmed that the size and scope of Libra could disrupt legal control over the currency. The EU largely rejected regulations on cryptocurrency until Libra was announced in June.