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France to block development of Facebook’s Libra crypto, says minister

France will halt the development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.

“I want to be absolutely clear: in these conditions, we cannot authorize the development of Libra on European soil,” Bruno Le Maire, the country’s Minister of the Economy and Finance, as reported by AFP on Thursday. 

This is a developing story…

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