French Finance Minister Says France Will Block Facebook's Cryptocurrency

Facebook, already dealing with scrutiny and concerns from U.S. lawmakers about its plans for its Libra cryptocurrency, now is facing some hostility from financial corners in Europe. At a financial policy forum in Paris, French Finance Minister Bruno Le Maire said France will move to block Facebook from developing Libra in Europe on the grounds that “the monetary sovereignty of (European) countries” is a stake if the tech giant is allowed to proceed with its cryptocurrency plans.