Governments around the world went on high alert after American social media giant Facebook announced a permissioned blockchain digital currency, named Libra.
Unsurprisingly, the prospect of a privately-backed alternative digital currency didn’t exactly excite financial regulators in North America, Europe, and Asia.
Here are the four countries that really don’t like Facebook’s Libra.
France Is Not a Fan of Libra
France has, perhaps, been the most vocal opponent of Facebook’s cryptocurrency — stating last Thursday that the country will block the development of Libra.
French finance minister Bruno Le Marie vowed to block Libra’s development in Europe. | Source: Shutterstock
Citing concerns pertaining to consumer risk and governments’ monetary sovereignty, French Finance…