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Hard Pass
The French Minister of Economy and Finance has just announced that Libra, the controversial cryptocurrency of Facebook, will not be allowed in France if it is launched as planned next year.
Minister Bruno Le Maire protested against Libra at a crypto conference on Thursday, the statement said. Vice News. He told the crowd that he would do everything in his power to prevent the development of Libra on French soil, but also its use in the country if it was launched.
No uncertain terms
The mayor told the crowd that Libra was threatening to undermine the euro and destabilize the entire French economy – and that he has no interest in playing ball with Facebook's plan. He also shared concerns that, if the economy were to suffer, people could make matters worse by abandoning government-approved currencies in favor of Facebook's Libra, Vice reports.
"Monetary sovereignty of countries is at stake [from] possible privatization of money by a single player with more than 2 billion users on the planet, "said The Mayor. Vice. "All of these concerns around Libra are serious. I therefore want to say this with great clarity: in these circumstances, we can not allow the development of Libra on European soil. "
READ MORE: France took a look at Facebook's cryptocurrency and said "Hell, no"[[[[Vice News]
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