It's All in the Nuance: French Blockchain Investor Translates Le Maire’s Libra Remarks

France’s Minister of Finance Bruno Le Maire made waves last week at OECD’s second annual Global Blockchain Policy Summit Sept. 12, 2019 in his introductory remarks in Paris, targeting Facebook’s Libra project. In no uncertain terms, Le Maire said he wants to block Libra in Europe as he stated that “monetary sovereignty” of nations would be at risk. “In these conditions, we cannot authorize the development of Libra on European soil,” Le Maire said.

Forkast.News gets a more nuanced view on those remarks from Michael Amar, co-host of Paris Blockchain Week Summit and a serial entrepreneur that leads Chain Accelerator, a blockchain hub incubating blockchain talent in France. Amar shares why Le Maire’s remarks is only the beginning of a more negotiated journey for Libra acceptance in Europe, the U.S., and around the world.