'Paris, Rome, Berlin to block Libra in Europe'

'Paris, Rome, Berlin to block Libra in Europe'

 Libra. Reuters photo

France, Italy and Germany are together preparing measures to block Facebook's new cryptocurrency from use in Europe, French Economy Minister Bruno Le Maire announced on Friday.

"Libra is not welcome on European soil," Le Maire told reporters the sidelines of the annual meetings of the World Bank and International Monetary Fund.

"We will take steps with the Italians and Germans because our sovereignty is at stake."