France's finance minister has warned Libra should not be allowed to become a sovereign currency. Meanwhile the governor of the Bank of England says it must receive the tightest possible regulation.
French Finance Minister Bruno Le Maire called on Germany to stop delaying EU decisions about taxes and the eurozone budget. The people of Europe are running out of patience, he warned, while populists love EU indecision.
The two countries want tech giants such as Google and Facebook to pay tax on digital revenue. But the idea faces opposition from a large contingent of the EU.
German and French finance ministers have proposed that Silicon Valley giants like Google and Facebook pay tax in the countries where they earn revenue. Smaller countries are skeptical the new regulations will work.
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