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

Libra Coin News
Thu, 09/12/2019 - 09:37
Yuri Molchan
French minister of Economy and Finance promises that Libra development will not be authorized on the European ground
Cover image via 123rf.com

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.

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.