German Finance Minister: Facebook Shouldn’t Be Allowed to Compete With the Euro
German finance minister Olaf Scholz has officially joined the media fracas surrounding Facebook’s cryptocurrency efforts, according to a Reuters report.
Echoing other public officials who have struck critical tones in recent days, Scholz called upon regulators to examine the social media company’s Libra project. Scholz reportedly raised concerns about consumer protection and the potential disruption in the eurozone.