Facebook digital currency plan raises ’serious concerns’, says Powell

Facebook digital currency plan raises ’serious concerns’, says Powell

Fed Chairman Jerome Powell said on Wednesday that Facebook’s plan to build a digital currency ’cannot go forward’ until serious concerns are addressed’. The strong comments underscored the growing regulatory hurdles facing the proposed cryptocurrency. Powell pointed to concerns of ’privacy, money laundering, consumer protection and financial stability’ that needed to be addressed.

Simone
Simone
Maja Romo
Maja Romo 7 months

Take that Lex Luther

Kyle G
Kyle G 7 months

The Fed wants their cut. Both sides are wrong here.

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