French Finance Minister Bruno Le Maire said Thursday libra would put the sovereignty of governments at risk.
French Finance Minister Bruno Le Maire said Thursday Facebook's proposed cryptocurrency libra would put the sovereignty of governments at risk.Le Maire has been an outspoken opponent of libra since Facebook unveiled the project in June.France is taking aim at big U.S. tech firms again — this time in the direction ofSpeaking at an OECD conference in Paris Thursday, French Finance Minister Bruno Le Maire said libra would put the sovereignty of governments at risk.
"All these concerns around libra are serious. So I want to say this with a lot of clarity: In these conditions, we cannot authorize the development of libra on European soil." Le Maire said, according to a translation by CNBC.
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