PARIS, Sept 12 (Reuters) - French Finance Minister Bruno Le Maire said on Thursday Facebook’s Libra cryptocurrency cannot operate in Europe under current conditions, citing systemic financial risks, risks for sovereignty, and the potential for abuse of market dominance.
“All these concerns about Libra are serious. I therefore want to say with plenty of clarity: in these conditions we cannot authorise the development of Libra on European soil,” Le Maire said.
Reporting by Leigh Thomas; Writing by Christian Lowe; Editing by Mark Potter
Our Standards: The Thomson Reuters Trust Principles.