Libra coin group in talks with EU regulators, says executive

GENEVA: The Libra Association, due to launch and manage the Facebook-led Libra cryptocurrency, is talking to European Union regulators after opposition from Germany and France, its managing director said at one of his first public appearances on the job.
“There are discussions that are ongoing (with EU regulators)and we still have work to do with them and any other regulators in the world,” Bertrand Perez told Reuters in an interview on Friday during a blockchain conference in Geneva, where the association is based.
In June, Facebook and other members of the Libra Association that include Vodafone, credit card companies Mastercard and Visa, and PayPal, announced plans to launch a digital currency backed by a reserve of real-world assets next year.