France to block development of Facebook’s Libra

France to block development of Facebook’s Libra

France has said it will block development of Facebook’s Libra cryptocurrency in Europe, citing a threat to the ’monetary sovereignty’ of governments. French finance minister Bruno Le Maire said Thursday, ’The monetary sovereignty of countries is at stake from a possible privatization of money’ in a reference to Facebook.

FirstCensorshipThenJail 7 months

You are in the EU, you don't have any independent national monetary policy or national currency, you have the euro. Gee, it is almost as if people that wanted crypto currency might have also wanted the EU and the euro. So they could have a foil for their argument. These plans and strategies are not played over weeks, they are played over lifetimes and eons.

Alexander D
Alexander D 7 months

how unfortunate

Unity.Nat 7 months

The French are threatened because they Hold their influence with it's former colonies in West Africa. France participates in Neo-colonialism with it's Currency and culture so it makes sense why they would be threatened by currency such as this.

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