Facebook cryptocurrency is in danger: France will block the development of the pound in Europe


"The monetary sovereignty of the States is at stake", he said in his speech, in which he warned about the risks that could result from this" possible privatization of a currency (…) in the hands of a single actor with more than 2 billion users on the planet. "

"Any failure in the operation of this currency, in the management of its reserves, could create considerable financial disorders"said Le Maire, who also fears that the pound will replace the national currency in states where the currency is fragile or has a high devaluation.

The virtual currency project announced in June by Facebook should see the light in the first half of 2020.

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