European regulators are already pressing Facebook about its cryptocurrency

As Facebook unveiled its cryptocurrency project today, European officials quickly called for scrutiny of the plan, raising concerns over whether the project was sufficiently regulated.
According to comments reported by Bloomberg, French Finance Minister Bruno Le Maire said Facebook’s cryptocurrency, called Libra, must not “become a sovereign currency.”
Must not “become a sovereign currency”
“It can’t and it must not happen,” he told Europe 1 radio