France Says It’ll Block Facebook’s Libra Development in Europe: Report

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France has vowed to stop the development of Facebook’s Libra digital currency because the “monetary sovereignty of states is at stake.” Agence France-Presse (AFP) has reported today, Sept. 12, that France plans to block the development of Libra — Facebook’s proposed stablecoin payments network —  in Europe.An unconfirmed report from BreakingtheNews.net claims that the position was revealed by French Finance Minister Bruno Le Maire, who has allegedly argued that the country cannot permit the launch of Facebook’s proposed cryptocurrency in Europe because the “monetary sovereignty of states is at stake.” Arab News’ coverage aligns closely with these reports. The newspaper cites…
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France Says It’ll Block Facebook’s Libra Development in Europe: Report

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