France Says Facebook's Libra Can't be Allowed in Europe

[engine]

France's Finance Minister has said that Facebook's Libra cryptocurrency cannot be allowed to operate in Europe while there are still questions over financial risks and risk of abuses.

[uk.reuters.com...]

Earlier story
Facebook Subsidiary, Calibra, New Digital Wallet for a New Digital Currency, Libra [webmasterworld.com]

U.S. Decides to Ask Facebook Questions Over Libra [webmasterworld.com]

[RhinoFish]

If I were a govt, and somebody tried to take away my power to print new money (or remove it from circulation), I'd label the interloper as risky and dangerous too.

Next up, the dangers of freedom, film at 11.

[tangor]

Also under scrutiny in the US... Not going over well with the FED...

[Mark_A]

I expect there are potentially great risks allowing people to buy and sell Libra, will it attempt to peg itself against a real currency or will it be permitted to inflate or deflate according to demand and the health of fb, the mothership.