German government members this month will approve a government strategy for blockchain that will block the existence of private stablecoins in the country, said Thomas Geilman, a parliamentarian from the Christian Democratic Union of Germany who is responsible for the group's distributed technology policy.
Until then, the economy has been performing well in the context of countering the crisis and inflation with the help of measures taken by the central banks," he said. - As soon as digital currency providers start to dominate the market, the task of competitors will become more difficult.
On Thursday, French Finance Minister Bruno Le Mayor promised to block Libra's development on European territory. The Minister's decision was justified by the fears for the currency sovereignty of the state.
Earlier, the German Ministry of Finance indirectly recognized Bitcoin as a legal tender.
Seems libra is not welcome in Europe, What do you think?
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