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France to Block Development of Libra? By Cryptovest

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France to Block Development of Libra?

French Minister of Finance Bruno LeMaire warned that France may block the development of Libra in the country, reported AFP. The minister said Libra would threaten the “monetary sovereignty” of governments.

“I want to be absolutely clear: in these conditions, we cannot authorize the development of Libra on European soil,” Le Maire said during an OECD conference on virtual currencies.

France is not entirely free to define its monetary policy, as it is a part of the Eurozone. The only way France can alter the course of the monetary policy is through its influence within the ECB, through the Governing Council of the central bank.

France is the next country to speak directly of the threats tha…

This article appeared first on Cryptovest

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