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Breaking: Libra Currency Shall Not Pass in Europe, French Government Says

  • Yuri Molchan
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    French minister of Economy and Finance promises that Libra development will not be authorized on the European ground

Breaking: Libra Currency Shall Not Pass in Europe, French Government Says

As reported by The Independent, the representative of French government, namely, Bruno Le Maire, the Finance Minister, has stated:

I want to be absolutely clear: In these conditions, we cannot authorise the development of Libra on European soil."

He made this breaking announcement at the OECD conference on crypto, following other regulators’ scrutinizing Libra recently.

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Libra is intended to be used for instant money transfers via Facebook’s apps, such as Messenger, WhatsApp and Instagram around the world and be pegged to a basket of major global currencies except the Chinese yuan.

Stay tuned for more details to follow.

Cover image via 123rf.com
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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