Facebook ‘cannot go forward’ with digital currency Libra until it addresses privacy and money laundering concerns: US Fed chief Jerome Powell

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 were addressed.The strong comments from the head of the US central bank, the country’s top financial regulator, adds to misgivings about the project, which has already produced strong scepticism among top policymakers across the globe.“I don’t think that the project can go forward … without there being broad satisfaction with the…

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