The words of endorsement from Gabrielle Rabinovitch came at the time when the project needed it more. According to a recent report by The Independent, the Economy and Finance Minister of France – Bruno Le Maire – said that Libra might not work in the EU. He said that the country plans to block it in the EU due to concerns that it brings a threat to the dominance of national currencies.
Just yesterday, a report revealed that the head of blockchain policy of the CDU – Thomas Heilmann – said that the government would not allow projects like Facebook’s Libra. Regardless of all these setbacks, the crypto community is strongly behind the Libra project and they are being bullish about the project online. The general director of the Libra Association – Bertrand Perez – recently announced that they are still on track and the launch of Libra Coin is at the end of 2020.