France Hates Libra from Facebook So Much it is Developing its Own Digital Currency

French regulators are openly vociferous against Libra from Facebook. They are also working on their own digital currency, to trial in 2020 Trials for a French wholesale central bank digital currency will kick off next year. The EU country is hoping to be the first to issue a wholesale CBDC. France emerged as one of the biggest oppositions to the cryptocurrency of the social media giant. One of the arguments that French officials put forward in their case against Libra then was that the private firm-backed cryptocurrency was an attack on the monetary sovereignty of nations.

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