French Finance Minister Warns Facebook About Libra Cryptocurrency

After just announcing its new cryptocurrency project, called Libra, Facebook has already begun ruffling feathers in government with French politician Bruno Le Maire warning that Libra can never become a sovereign currency.

Reacting to the news, the French Minister of the Economy stated that they will “ask Facebook for some guarantees,” ensuring that the corporate cryptocurrency doesn’t step on the turf of governments by acting as a rival to sovereign currencies.

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