Libra Under Attack: France To Block Development 'On European Soil'

France Thursday dealt a blow to Facebook’s hopes for its Libra cryptocurrency as French Finance Minister Bruno Le Maire vowed to block its implementation, saying it presents “risks to sovereignty.”


“This eventual privatization of money contains risks of abuse of dominant position, risks to sovereignty, and risks for consumers and for companies,” Le Maire said at a meeting of the Organization for Economic Co-operation and Development in Paris, stopping short of what steps to...