Bitcoin is sliding after Federal Reserve Chairman Jerome Powell poured cold water on Facebook's plans to launch a cryptocurrency.
"Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability," Powell said at a congressional committee Wednesday. "These are concerns that should be thoroughly and publicly addressed."
Analysts have been bullish on Libra, at least from the perspective that it could pave the way for more adoption of cryptocurrencies. But the Facebook-led project has been clouded by regulatory concerns, with central bankers and politicians around the world expressing skepticism.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The Fed is looking into Facebook's Libra cryptocurrency as Powell flags 'serious concerns'“Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability,” Fed Chair Powell said in front of Congress.
Leer más »
Dollar slips after Powell bolsters rate cut bets; bitcoin sinksThe dollar eased on Thursday after Federal Reserve Chairman Jerome Powell set th...
Leer más »
Fed Chairman Jerome Powell’s Approach to Interest-Rate Policy Wins Bipartisan BackingPresident Trump’s relentless public criticism of the man he picked to run the Federal Reserve, Jerome Powell, isn’t broadly shared by lawmakers who confirmed the central bank leader to his post last year.
Leer más »
Fed chief Powell says the economic impact of the opioid crisis is 'quite substantial''An extraordinary number of people are taking opioids in one form or another,' says Powell, during testimony before the House Financial Services Committee.
Leer más »
Stock rise after dovish testimony by Fed Chairman PowellStocks shake off pre-market losses to rise early Wednesday, after the release of testimony by Federal Reserve Chairman Jerome Powell, before Congress
Leer más »