The French Minister of the Economy and Finance, Bruno Le Maire, warned that Libra, Facebook’s controversial cryptocurrency, won’t be permitted in France if it’s launched as planned next year.
Speaking at an OECD conference in Paris, the minister said Facebook Libra would put national security and sovereignty of governments at risk.
Le Maire - an outspoken opponent of the cryptocurrency – also said that Libra threatens to undermine the euro and destabilize the entire French economy.
He told the crowd that if France’s economy took a hit, people could make matters worse by abandoning government-sanctioned currencies in favor of Facebook’s Libra.
Facebook Libra faces an uncertain future
“The monetary sovereignty of countries is at stake from possible privatization of money by a sole actor with more than 2 billion users on the planet,” Le Maire said, according to Vice News.
Libra, Let’s get started:Technology has improved the world around us, it is easy to send text, pictures and documents but why not money.What if we made the money truly global, stable, and secure.
What if everyone has invited to the Global economy with access to the same financial opportunities.This thought laid a pavement for Introducing LIBRA a new global currency designed for the digital world, backed by the belief that money should be fast for everyone from any corner of the world.Its powered by Blockchain, making it safe, accessible, no matter who you are and where you’re from.
Join the world of LibraCoin where money works for everyone.Checkout the following infographic on – Libra: Cryptocurrency By Facebook (In 5 Minutes) – Developed by MrBTC.org.MrBtc.org – This is the original source of the infographic, it was developed by Karthik.
If you are sharing or using this infographic on your website, please give us this original source (https://mrbtc.org/libra/) below the infographic.This infographic is inspired from – Libra.org, thanks a lot.
All the best for your project.
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