Fed’s Brainard: Facebook’s Libra faces ‘core set’ of regulatory hurdles

December 18, 2019 admin Business News Comments Off on Fed’s Brainard: Facebook’s Libra faces ‘core set’ of regulatory hurdles

U.S. Federal Reserve Governor Lael Brainard launched a broadside against Facebook’s Libra digital currency project on Wednesday, saying it faces a “core set of legal and regulatory challenges” including clarity about how it would be tied to some basket of underlying assets.

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Source:: Reuters – Business News