The Big France's BLOCK
The government of France has called for cryptocurrency rules at the European Union (EU) level, as well as for the creation of a “public digital currency”, Yahoo Finance reports. It is also against the Facebook Libra - which sensible country will not if Facebook is not open to share the goodies with the central bank? French finance minister Bruno Le Maire said Thursday he'd block the project: "We cannot authorize the development of Libra on European soil.”
The French government wants common EU-wide rules on cryptocurrencies. Finance Minister Bruno Le Maire made the call this morning, and also expressed opposition to Facebook's Libra "stablecoin" on the basis of its threat to governments' monetary sovereignty. The French government isn't opposed to cryptocurrencies as such, though—Le Maire also called for the creation of a European "public digital currency."
Nigeria needs to have a roadmap on broad blockchain and cryptocurrency.
Nigeria needs to take action in this domain urgently.
