French finance minister: Libra should not be developed in EU

BRUSSELS (AP) — France’s finance minister says the European Union should not allow Facebook to develop its digital currency project, known as Libra, on “European territory” because it threatens the monetary sovereignty of states.
Speaking ahead of a meeting Wednesday of the 19 eurozone finance ministers, Bruno Le Maire said alternative payment systems could also be used for money laundering or “terrorism funding.”
Insisting he is not an “enemy of Faceboo