France vows to bar Facebook digital currency Libra in Europe

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French economy and finance minister Bruno Le Maire has said France will seek to prevent Facebook's digital currency Libra from rolling out in Europe, arguing that it represents 'risks of abuse of dominant position, risks to sovereignty and risks for consumers and for companies'.

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France says it will block development of Facebook's Libra digital currency in Europe because it threatens the "monetary sovereignty" of governments, reports BBC News.