French finance minister wants to block Facebook’s Libra in the EU

France will block Facebook Inc.’s Libra cryptocurrency within its own borders and will also attempt to block it within European Union.

The announcement came from France’s Minister of the Economy and Finance, Bruno Le Maire (pictured) who told an Organisation for Economic Co-operation and Development conference on blockchain policy Thursday that “I want to be absolutely clear: in these conditions, we cannot authorize the development of Libra on European soil.”