The EU has already responded to the cryptocurrency initiative of Facebook called Libra and called on regulators to study the project carefully. In particular, French Finance Minister Bruno Le May said that the Libra token should not and cannot become a sovereign currency, reports Bloomberg .

"This is not discussed at all ," he concluded.

Le Mayor also called on the central banks of the G7 countries to study the project in detail and draw up relevant reports before the meeting to be held in July of this year.

At the same time, Markus Ferber, a member of the European Parliament from Germany, suggested that Facebook could become a “shadow bank”. Regulators, in his opinion, should look very closely at the activities of the social network.

“Multinational corporations like Facebook should not be in regulatory nirvana when they run virtual currencies ,” he stressed.

Today, June 18, Facebook revealed the details of the Libra project. The most important thing at the moment BlockchainJournal collected for you in the material at the link:

Published white paper cryptocurrency from Facebook, as well as presented Calibra wallet

An extensive background can be found in the special article .

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