France: We can't allow Facebook's Libra in Europe

[RealMalatesta]

I think what really the issue in here is that people and government are afraid of what really will happen in the economy imagine facebook for example has almost the data or information of every human being who signup with facebook, then libra ofcourse will then be integrate to facebook, since they all has the data required , so this makes facebook and libra makes bigger than the government having the information, on the otherhand people and the government are afraid facebook might use it against the people same with the government and takes control of everything well thats my opinion everyone is free to share their thoughts I hope we hear the others

I am not sure that data is really of their main concern, and i believe their main concern is that part where they would not want anything that would make Facebook bigger than them and this has to do with financial control, and the power of government lies more in the financial system of the country, that is the main control and power that they have over there citizens.

If they really allow Facebook, Facebook would indirectly build a nation and this might be called Facebook city, i am sure that Facebook still has that vision of building a nation because right now, they have the largest user database, and once they have control of cryptocurrency, they are indirectly in control, i am not also in support of the Facebook coin.

[jdarren]

I can imagine that there are going to be many more countries that are going to be anti Libra. If Europe is one of the first then I would imagine Asia could be next

[PuertoLibre]

I can imagine that there are going to be many more countries that are going to be anti Libra. If Europe is one of the first then I would imagine Asia could be next

European countries are not friendly to the unregulated companies and their government doesn't really care about the future plans of the payment gateways. The threat towards the Libra is connected to the curve of the alternative payment system's development but the future of the crypto can affect their old school financial services. The union of the governments is not able to stop the single transaction on the blockchain and the crypto industry will be there no matter how dominant the government is. France and Germany may block the crypto transactions in their country with special tax threats but these governments also understand the risks of banning the demand of the crypto investors. The new demand by the historical figure companies will lead to the new treatment by the before-mentioned companies sooner or later in my judgment.

[Coltpython]

If Libra will be centralized then it will face stiff opposition from different developed nations. Only decentralization will help Libra. Facebook owner, Mark Zuckerberg already has problems with his platform concerning user data and I think that alone will make major governments frown at Libra

[Akoldi_ibk]

The world governments are afraid of what Facebook will become if it is allowed to carry on with its Libra project. The platform already possessed billions of users' data all over the world and it is about adding financial data of these users to its database. Knowing fully well the scandal records of Facebook, it will be hard to handover such massive data again to them. I doubt if the Libra project will ever start again. Many governments will still rise against it.

[bitkanu]

I can imagine that there are going to be many more countries that are going to be anti Libra. If Europe is one of the first then I would imagine Asia could be next

Im not sure about that consider about libra is a part of big projects and there will be a lot of benefits for Asian countries to accept libra and Asia has different perception about the libra project.
But a big project will not always give the best result as the output of its development. TON's price already traded below the ico price and investors have been losing 50% of its money.
Why libra doesn't try to approve a big offer that has already offered by finma. 

[kbhutto]

The French rejection became a challenge for Facebook executives. France appraised that libra coin could paralyze the country's economy. And become a hair-raising phantom if the currency became the people's backbone of transactions. And it could result in the death of state banks and other sectors. Facebook must make a strong contention that libra coins do not make fiat transactions die by its presence.

[lumierre]

I can imagine that there are going to be many more countries that are going to be anti Libra. If Europe is one of the first then I would imagine Asia could be next

What is the reason to prohibit Libra if it can be bought by all means? This FB coin is not going to fight with Euro, and France (the other countries also) will not suffer from it. I do not think that namy countries will follow France (government). The truth is that Facebook will reach its goal, and sooner or later, we will all see if Libra is a really safe belt or if it is just a took to let FB owners make more money.

[Cheesus]

It seems many countries will be on the opposite side of Facebook's Libra! Sometimes I feel Libra can be a boos for the crypto market in mass media, but again I think Libra is not a cryptocurrency at all. I can't predict what gonna happen with the Libra, but I am waiting to see it live and reactions. France certainly has some reasons to boycott Libra!