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Fed chief calls for Facebook to halt Libra project

By Pete Schroeder and Trevor Hunnicutt

Jul 11 2019 7:00AM

"Cannot go forward" until serious concerns are addressed.

Fed chief calls for Facebook to halt Libra project

US 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 are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin. The strong comments ...

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