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23 September 2019

German Gov’t Speaks Against Approval of Facebook’s Libra in Europe

German Gov’t Speaks Against Approval of Facebook’s Libra in Europe


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Heilmann made his statement on the heels of French Finance Minister Bruno Le Maire’s allegation that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra.

At a meeting of EU finance ministers in Helsinki, Le Maire said that he would be discussing the potential for a European public digital currency with his counterparts on the continent next month.

He also reiterated his concerns that the proposed Libra stablecoin could pose risks for consumers, financial stability and even “the sovereignty of European states.”.

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