Agence France-Presse (AFP) has reported today, Sept. 12, that France plans to block the development of Libra — Facebook’s proposed stablecoin payments network — in Europe.
An unconfirmed report from BreakingtheNews.net claims that the position was revealed by French Finance Minister Bruno Le Maire, who has allegedly argued that the country cannot permit the launch of Facebook’s proposed cryptocurrency in Europe because the "monetary sovereignty of states is at stake."