France warns it will block development of Facebook Libra in Europe

World Sep 12, 2019

France warns it will block development of Facebook Libra in Europe

France warned Thursday it will block development of Facebook Inc.'s planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments. "I want to be absolutely clear: In these conditions, we cannot authorize the development of Libra on European soil," Bruno Le Maire ...

U.S. objections to French tech tax overshadow G-7 finance meet

Business Jul 18, 2019

U.S. objections to French tech tax overshadow G-7 finance meet

The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of Seven rich ...

Business Jun 17, 2019

Facebook to unveil new cryptocurrency

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will ...