Paris, Rome, and Berlin are getting ready to block Facebook’s new digital currency Libra in Europe, a French minister said, as cited by AFP.
Last month, France’s Finance Ministry said that the technology developed by the social media giant causes serious concerns and therefore its operation cannot be authorized for use on European soil. French Finance Minister Bruno Le Maire said the project could pose financial risks for the EU, including to the sovereignty of other nations’ currencies, and has the potential for abuse of market dominance.
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