Facebook’s Libra is backed by firms like Visa, Mastercard, PayPal, Uber, etc. However, the involvement of such business giants in Facebook’s project was not helpful as many governments are against it. Recently, Germany’s government has brought a blockchain strategy that would aim to stem a company or entity that is working towards establishing a “parallel currency.” According to the government, this decision will help them to prevent stablecoins from becoming alternative currencies. To stop the growth of Libra, German politicians are planning to talk to the central bank of Germany, to discuss the possibility of ‘digital central bank money’ which means that they may bring their cryptocurrency.