Why France and Germany fear Facebook’s cryptocurrency – and plan to block it

INSUBCONTINENT EXCLUSIVE:
Facebook's plans to launch its own Libra cryptocurrency next year is getting resistance from France and Germany who have promised to
block it and plan to create their own national cryptocurrencies.Last week, the two nations said Libra could threaten the Euro's value and
unlawfully privatize money
Last year, the Reserve Bank of India (RBI), the country's central bank, announced a ban on the use of cryptocurrencies by any regulated
financial entity because of risks associated with it.