France and Germany agree to block Facebook's Libra

  14 September 2019    Read: 845
France and Germany agree to block Facebook

France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday, reports citing Reuters.

In a joint statement, the two governments affirmed that “no private entity can claim monetary power, which is inherent to the sovereignty of nations”.

French Finance Minister Bruno Le Maire said on Thursday that Facebook’s new cryptocurrency should not be allowed to operate in Europe while concerns persist about sovereignty and persistent financial risks.

More about: Facebook   Libra   France   Germany