MEP: "We shouldn't let Facebook become the central bank" – Bits Media

ECB will soon be forced to tighten the regulation of cryptocurrencies. This is due to the increase in the concern of politicians by the possible launch of Facebook cryptocurrency and other corporations.

In connection with the plans for the launch of the Facebook Diem project, which will create a precedent for others large technological companies in the creation of their own cryptocurrencies and stablecoins, legislators of the European parliament thought about that, to provide the European Central Bank (ECB) more regulatory powers in relation to cryptocurrencies.

“We should not allow [Mark] Zuckerberg become the Central Bank ", – Said the deputy of the European Parliament from the European People's Party Stefan Berger (Stefan Berger). He was among politicians, proposed to amend the bill, calling for increased regulation of the activities of issuers of digital assets.

In September last year, he was proposed
The bill on European crypto -acting markets (MiCA), which provides legal certainty in relation to crypto acts on the same principles, that the Directive of the European Union "O market instruments" (MiFID). Mica will also oblige the ECB “To establish uniform rules for suppliers of services and issuers of crypto activists at the EU level”.

Now the EU lawmakers are discussing amendments proposed by Berger
To the bill, which provide, that the ECB "plays a more active role in resolving new cryptocurrencies". It means, that the central bank, If everything goes according to plan, will be able to refuse certain projects in the work in the EU. Recently, the ECB said, What wants to have the right to launch stablecoins in the euro zone and a big role in the supervision of them, To reduce inflation risks and maintain payments safety.

Berger said, that the ECB should be ready to encounter the power of global stablecoins, In particular Diem from Facebook, aimed at undermining the traditional payments market due to low commissions, scalable and quick calculations.

“Facebook has more 2 Million users ", – Berger said. “If the company launches its own currency, She can get the power of the Central Bank overnight. However, the currency should not belong to a private company. In the end, We should not allow Zuckerberg to become a central bank ".

Berger added, that a possible launch
digital euro will be the best response to a powerful corporate stablecoin.

"I hope, that the ECB will hurry with the introduction of digital euros before, Like all countries, Including the Vatican, will launch state cryptocurrency ", – He said. "We need a safe form of digital money in a rapidly changing digital world".

Recall, that in January, in the dough network Diem was recorded
more 50 million transactions.