https://apnews.com/9b4a653baf5d4ec99a3046ee6fa041a6

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."