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Fed chief calls for Facebook to halt Libra project

By Pete Schroeder and Trevor Hunnicutt on Jul 11, 2019 7:00AM

Fed chief calls for Facebook to halt Libra project

"Cannot go forward" until serious concerns are addressed.

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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