Industry cautious over Facebook crypto

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Industry cautious over Facebook crypto

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June 18, 2019 - Asuncion, Paraguay - Logos icons of Facebook, Instagram and WhatsApp apps are seen on a smartphone screen against Libra Association logo unfocused on background. (Credit Image: © Andre M. Chang/ZUMA Wire) | Andre M. Chang/Zuma Press/PA Images

Europe’s banking sector and its regulators are waiting to see how Facebook’s plans for a new cryptocurrency will develop. It could have major implications for financial regulation.

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