France to stop development of Facebook’s Libra in Europe

Must Read

5 reasons why Bitcoin Price might crash hard soon

Bitcoin was launched in 2009, and it caught the attention of only a few people. But with time, things...

Celebrity Ben Baller regrets selling 300 BTC for $300,000

Jeweler, Actor, and Musician Ben Baller took to Instagram to reveal what he considers his biggest financial regret. He...

3 hacker groups from North Korea get sanctioned by U.S. for cryptocurrency theft

As North Korea begins the preparations for its second crypto-blockchain conference, the news of 3 North Korean entities being...
Alexander Aryan
Alexander Aryan
After completing his Masters in Business Administration and Management from the California State University, Alexander dedicated his life into studying and writing about bitcoin and the technology behind it as he believes it to be the money of the future. Apart form being a writer, Alex is also a great speaker and loves to participate in blockchain events.

Facebook announced that they’d be entering the crypto world with their cryptocurrency- Libra. Ever since the announcement, Libra has seen resistance from all over the world. The governments, as well as crypto enthusiasts and founders, have been questioning the way it will work and SEC has asked Facebook to put a pause on the development process.

Recently, France came forward and have decided to disrupt the development of Libra as it threatens the “monetary sovereignty” of the governments. Bruno Le Maire, Minister of Economy and Finance, has stated that if the conditions stay the same, then the authorization of development and usage of Libra in Europe will be stopped.

These announcements were made during the Organization for Economic Co-operation and Development(OECD) conference.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

5 reasons why Bitcoin Price might crash hard soon

Bitcoin was launched in 2009, and it caught the attention of only a few people. But with time, things...

More Articles Like This