BUSINESS Paris, Rome, Berlin preparing to block Facebook's Libra in Europe: French minister

BUSINESS

Paris, Rome, Berlin preparing to block Facebook's Libra in Europe: French minister

AFP

22:43, October 18, 2019

France, Italy and Germany are together preparing measures to block Facebook's new cryptocurrency from use in Europe, French Economy Minister Bruno Le Maire announced Friday.

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"Libra is not welcome on European soil," Le Maire told reporters the sidelines of the annual meetings of the World Bank and International Monetary Fund.

"We will take steps with the Italians and Germans because our sovereignty is at stake."

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