• Xavier Niel feels that the coin will exist along with the thousands of other assets in the crypto market.
  • The French Finance Minister Bruno Le Maire is a well-known critic of Libra.

Xavier Niel, the founder and majority shareholder of the French internet service provider Iliad, believes that Facebook’s Libra is unstoppable. Niel feels that the coin will exist along with the thousands of other assets in the crypto market. Speaking to Les Echos, Neil said:

“Libra will exist along with the 1,600 other virtual currencies already available in France. It is inevitable, with or without us, [whether] the states want it or not. To fear [Libra] will not prevent her from arriving. The priority is therefore to accompany the change, make it possible and accessible. We must anticipate, so as not to find ourselves dependent and weakened. Technological progress can coincide with societal progress and that of humanity.

France must be at the heart of this revolution. To deny it or to close the door would not be profitable to anyone. Even if the concerns are legitimate, we must provide answers, without trying to prohibit, without even measuring the benefits for all…

There is an aspiration in the world for more freedom, autonomy and less dependence on states.”

The country’s government does not share Niel’s enthusiasm. The Finance Minister Bruno Le Maire feels that Libra is a hugely worrying initiative. Le Maire had stated:

“So I want to say this with a lot of clarity: I want to be absolutely clear: in these conditions, we cannot authorize the development of Libra on European soil.” 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Cash price analysis: BCH/USD inching closer to flag pattern breakout

Bitcoin Cash is intentional with this current bullish momentum. The price has been able to sustain above the short-term ascending channel despite testing it twice. The brief deep under $220 support saw Bitcoin Cash make a comeback above $225. 

More Bitcoin Cash News

Ethereum market update: ETH/USD locked in a range after the recent sell-off

ETH has been moving in a tight range after a strong sell-off from the recent high of $197.00. The second-largest con with the current market value of $19.8 billion has recovered from October 12 low of $177.22 to trade at $183.50 at the time of writing, however, the upside momentum is weak. 

More Ethereum News

TRON price analysis: TRX/USD may retest the recent high

At the time of writing, TRX/USD is changing hands at $0.0166. The coin has gained over 4.5% in seven 24 days, and the upside momentum is still strong. Currently, TRON takes 11th place in the global cryptocurrency market rating with a market value of $1.1 billion and an average daily trading value of $638 million.

More Tron News

EOS mainnet used in tokenizing Deutsche Bank bond

The Deutsche Bank dBonds team has successfully tokenized the bank’s bond on EOS mainnet. The tokenization took place in collaboration with Queen Street Finance, an authorized UK-based custodian. Queen Street Finance already has a stablecoin digital asset DUSD that runs on EOS protocol.

More EOS News


Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast