European countries move to block Facebook’s Libra digital currency

Major European nations are joining forces to block Facebook’s proposed digital currency Libra because of the dangers it poses to national sovereignty.

French Economy Minister Bruno Le Maire announced that the firm opposition from France, Italy and Germany added to the mounting resistance against Facebook’s digital finance.

He warned of serious risks of money laundering, fraud and illicit finance posed by the social media network’s digital currency.

Source: Radio Pakistan