France and Germany governments announced that they will block Facebook’s Libra
“We believe that no private entity can claim monetary power, which is inherent to the sovereignty of nations”.
“I want to be absolutely clear: in these conditions, we cannot
French Finance Minister Bruno Le Maire explained last week the Facebook should not be allowed to operate the Libra
Facebook announced in June that it plans to launch Libra in 2020, to make it reliable the social network giant wants to use traditional currency to back Libra.
The non-profit Libra Association
Authorities also fear possible abuses of the Libra