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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now