France says it will not support Libra’s development in Europe

French finance minister Bruno Le Maire said on Thursday that France refuses to support the development of Facebook’s Libra cryptocurrency in Europe because it puts the monetary sovereignty of states “in danger,” could result in systemic risks, and undermines the fight against financing terrorism.


Speaking at the opening of the OECD Global Blockchain Policy Forum in Paris, Mr Le Maire said: “I want to say it with great clarity: in these circumstances, we cannot allow the...