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France will block development of Facebook Libra cryptocurrency

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AFP Paris

France warned Thursday it will block 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 authorise the development of Libra on European soil," Le Maire said at the opening of an OECD conference on virtual, crypto currencies.

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First Published: Sep 12 2019 | 2:20 PM IST

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