The Fed is concerned about the currency project digital of Facebook

"The currency project libra can not go forward" without satisfactory answers to Facebook questions from regulators and legislators. For the first time publicl

The Fed is concerned about the currency project digital of Facebook

"The currency project libra can not go forward" without satisfactory answers to Facebook questions from regulators and legislators. For the first time publicly, the chairman of the u.s. federal Reserve (Fed), Jerome Powell, has expressed on Wednesday its "serious concerns" about the project of currency in the digital world, presented mid-June by Facebook, and 27 large companies. Before the committee on financial services of the House of representatives, the central banker has listed the problematic issues: data privacy, anti-money laundering, consumer protection...

But the priority is to protect themselves from a systemic risk in the event of the success of massive digital currency, which applies to both the 2.4 billion users of the different services of Facebook and the 1.7 billion people today débancarisées. "For the first time, we find ourselves facing the possibility of an adoption very wide [a cryptomonnaie](...) If ...

Date Of Update: 14 Temmuz 2019, 00:00

Kathleen Lees

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