Fed Chairman Powell said the central bank has serious concerns about Libra

Fed Chairman Powell said the central bank has serious concerns about Libra. He has a list of issues that will need to be resolved before the launch of Facebook’s cryptocurrency, Libra. They include concerns about privacy, money laundering, consumer protection, and financial stability. He added, “All of these things will need to be addressed very thoroughly and carefully, and in a deliberate process.” The Federal Reserve met with Facebook in the months leading up to its launch, and has a joint working group with Facebook to answer the outstanding questions.” CNBC