France will block development of Facebook Libra cryptocurrency

Paris, Rome, Berlin preparing to block Facebook's Libra in Europe: French minister

Paris:

France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.

“I want to be absolutely clear: in these conditions, we cannot authorise the development of Libra on European soil,” Le Maire said at the opening of an OECD conference on virtual, crypto currencies.