France and Germany say they will oppose Facebook's digital currency | Crypto Craft

  • France and Germany say they will oppose Facebook's digital currency

    From technologyreview.com

    France and Germany have formed a united front against Libra, Facebook’s proposed digital currency. The news: In a joint statement issued late last week after a meeting of eurozone finance ministers, France and Germany said that Facebook’s plan for Libra “fails to convince” them that risks related to security, investor protection, money laundering and terrorist financing, and “monetary sovereignty” will be adequately dealt with. “We believe that no private entity can claim monetary power, which is inherent to the sovereignty of nations,” the statement reads. Backlash at home and abroad: Facebook’s ... (full story)

Comment Options
auricforecas
Sep 16, 2019 2:13pm
Permalink
Interesting... I mean at least they are somewhat open about it in advance... I prefer this much more than some regulation coming overnight, like it did at FX... Still coming...

Would much prefer if they would offer their competitive solution and let the market decide which is best..
BTC still seem to be the benchmark....
Reply
  • Story Stats