Facebook’s Libra cryptocurrency should be prevented -German finance minister

Facebook’s Libra cryptocurrency should be prevented: German finance minister

WASHINGTON (Reuters) – German Finance Minister Olaf Scholz on Friday redoubled his criticism of Facebook’s plans to launch its Libra cryptocurrency, and said creation of a new world currency should be prevented. Scholz, speaking with reporters at the IMF and World Bank fall meetings in Washington, cited growing concern about such “stablecoins” and the potential international risks they posed.