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French Finance Minister: Libra Should Not Be Developed In EU

09:34 Wednesday , October 09th 2019
The European Union should not allow Facebook to develop its digital currency project, known as Libra, on "European territory," because it threatens the monetary sovereignty of member states, France's finance minister Bruno Le Maire said Wednesday, Oct 9.
Speaking ahead of a meeting of the 19 eurozone finance ministers, Bruno Le Maire said alternative payment systems pose many dangers because they could also be used for money laundering or "terrorism funding."
"I'm absolutely not an enemy of Facebook, neither an enemy of Google or Amazon," Le Maire said.
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