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Facebook digital currency plan raises 'serious concerns': Fed chief

Reuters Wednesday, 10 July 2019 ()
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra raises "serious concerns" that merit a thorough regulatory review.
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News video: Facebook's cryptocurrency raises 'serious concerns'- Powell

Facebook's cryptocurrency raises 'serious concerns'- Powell 01:54

U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed. Rough Cut (no reporter narration).

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