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.
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.
Posted by Reuters
