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Fed chief calls for Facebook to halt Libra project until concerns addressed

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 "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.
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Credit: The Street - Published < > Embed
News video: Facebook's Libra Faces Regulatory Headwinds

Facebook's Libra Faces Regulatory Headwinds 00:57

Facebook is Real Money's Stock of the Day. The social media giant has come under pressure from politicians on both sides of the aisle regarding their Libra cryptocurrency. President Trump tweeted yesterday, "If Facebook and other companies want to become a bank, they must seek a new Banking Charter...

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