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Harsh Words for Cryptocurrency?

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French Finance Minister Bruno Le Maire has expressed harsh words and his opposition to the development of the digital currency for Libra, Facebook’s planned cryptocurrency. He wants to block its expansion in Europe in the name of the "monetary sovereignty of nations."

"It's a bit like Bruno Le Maire versus Libra Act II or Act III," Loïc Sauce, an economist and cryptocurrency expert at the Institute of Higher Education in Marketing and Commerce (ISTEC), told FRANCE 24. Le Maire has been wary of the project since Facebook announced in June its plan to enable its nearly two billion users to pay and send money with its new currency, Libra.

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