German Finance Minister Olaf Scholz declared his negative stance toward’s Facebook’s Libra by saying that it should be prevented. Facebook’s Libra the regulatory punchbag Facebook’s Libra is a stablecoin being created to support international finance without the interference of governments. Ironically since its announcement, the project has been facing regulatory pressure. Now German finance Minister has added to the fire by stating his views. Scholz’s statements shed light on the problems faced by Libra across the globe. Scholz stated that the government will carefully monitor the situation using all means available to determine the risks posed by Libra. Scholz noted
