Saturday, September 6, 2025
  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home News

Facebook’s Libra To Be Blocked In France And Germany

by John Law
September 15, 2019
Facebook Libra
116
SHARES
Share on FacebookShare on Twitter

Facebook’s cryptocurrency, Libra, isn’t launching until 2020, but the stablecoin has already run into opposition. Recently, both France and Germany announced that they would not accept the social network’s cryptocurrency into their financial systems.

The announcement is reportedly a response to Facebook’s recent plan to seek a payments license for Libra in Switzerland. The two European countries released a joint statement on the matter, saying that “no private entity can claim monetary power, which is inherent to the sovereignty of nations”.

Also in response to Libra, the respective ministers of both countries said that it would instead back the development of an alternative public cryptocurrency instead.

To recap, Libra was officially announced back in June this year. The cryptocurrency is slated to be available on both Facebook Messenger and WhatsApp, with the goal of empowering and allowing users to send and transfer the digital coin to “almost anyone with a smartphone” and as “easily and instantly” as someone would send a text message or a media file.

To further validate its authenticity, Libra will be monitored and regulated by the Libra Association, a subsidiary comprising several financial organisations. Including Visa, Mastercard, and Paypal.

Filed Under Facebookfrancegermanylibra
Updated 6:47 pm, Sun, 15 September 19
http://lowy.at/fabDt
Share46Tweet29SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    Transportation

    East Klang Valley Expressway (EKVE) Opens; Toll-Free Travel Until 29 September 2025

  2. 2
    Automotive

    BYD Teases New EV For Malaysian Market

  3. 3
    News

    Xiaomi Recalls 33W Power Bank 20,000mAh In Malaysia

  4. 4
    Hardware

    Microsoft Says SSD Failures Not Linked To Windows Updates

  5. 5
    Mobile Phones

    Sony Explains Manufacturing Issues Of The Xperia 1 VII

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.