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Facebook’s planned cryptocurrency faces examination

WorldNews Thursday, 11 July 2019 ()
Facebook’s planned cryptocurrency faces examinationThe US Federal Reserve has created a “working group” that is coordinating with US government agencies and other central banks to consider the implications of Facebook Inc’s planned virtual currency Libra, Fed Chairman Jerome Powell said on Wednesday. At a...
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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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