https://www.siliconvalley.com/2019/09/13/facebooks-libra-cryptocurrency-faces-being-blocked-in-europe/

Facebook, already dealing with scrutiny and concerns from U.S. lawmakers about its plans for its Libra cryptocurrency, is now also facing some outright hostility toward the project from financial corners in Europe.

At a financial policy forum in Paris, French finance minister Bruno Le Maire said France will move to block Facebook from developing Libra in Europe on the grounds that “the monetary sovereignty of (European) countries” is a stake if Facebook is allowed to proceed with its cryptocurrency plans. According to a report in the British publication The Guardian, Le Maire said that with regards to Libra’s current status, there was no way that France could support the cryptocurrency until concerns about risks to consumers and governmental financial institutions could be adequately resolved.