Chantilly — France says the conditions are not ripe for Facebook to go ahead with plans for its Libra digital coin, as Group of Seven (G7) finance ministers gathered north of Paris on Wednesday for a meeting focused on reining in the powers of big tech companies.

Facebook’s announcement of plans to launch a digital coin has met with a chorus from regulators, central bankers and governments insisting it must respect anti-money-laundering rules and ensure the security of transactions and user data...

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