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    Categories: Blog

France/Germany Block FB’s Funny Money

France and Germany have agreed to jointly block Facebook’s new crypto- currency, Libra.

According to Reuters, “In a joint statement, the two governments affirmed that “no private entity can claim monetary power, which is inherent to the sovereignty of nations.”

Bravo to France and Germany!

Michael Jay Tucker: Michael Jay Tucker is the “sort of volunteer editor” of LR Net. He is also a writer and journalist who has written on topics ranging from the Jazz Age to computers. (Among his small claims to fame is that he interviewed Steve Jobs just after that talented if complicated man got kicked out of Apple, and just before the company’s Board came begging him to come back.)
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