Technology Federal Reserve Says Facebook Cryptocurrency Libra 'Raises Many Serious Concerns'

Published on July 10th, 2019 📆 | 5953 Views ⚑

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Federal Reserve Says Facebook Cryptocurrency Libra ‘Raises Many Serious Concerns’


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During a House Financial Services Committee meeting, Maxine Waters asked about Facebook's Libra, a new global cryptocurrency.Federal Reserve Chair Jerome Powell responded, saying "Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability."

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