France is next in line to put Facebook Libra coin to regulations test. France will be creating a G-7 task force to closely examine the Libra, it’s implementation, implication and avenues of regulations for G-7 central banks. Reuters reveals in a post that the Governor of French central Bank Francois Villeroy de Galhau is of the view that regulatory strictness is for the collective benefit of masses. France has taken a rather grey stance on the matter while the United States government has called forth Facebook in the Senate to explain its position on the matter. French authorities, on the
