France says it will block development of Facebook’s Libra digital currency in Europe because it threatens the “monetary sovereignty” of governments.
Finance Minister Bruno Le Maire said Libra posed financial risks and could be open to abuse.
However, he did not spell out how France could keep Libra out of the 28-member European Union.
The social media giant announced plans for a currency in July, but the project has faced hostility and scepticism. Read more