The proposed EU crypto market regulation will raise many compliance obstacles for the next Libra-like project seeking to operate in Europe.
source https://www.google.com/url?rct=j&sa=t&url=https://cointelegraph.com/news/chasing-the-hottest-trends-in-crypto-the-eu-works-to-rein-in-stablecoins-and-defi&ct=ga&cd=CAIyGjBkZWE0Yjc3NzNlM2I2MDQ6Y29tOmVuOlVT&usg=AFQjCNGk_jqF_xKkchZkG0I74uAZ8pk1vg
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