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Consensus among G7 ministers to tackle Facebook's Libra: French chair

Credit: Reuters- Published on July 17, 2019
G7 ministers meeting in France on Wednesday agreed on the need to confront the emergence of digital currencies following Facebook's plans to launch its Libra digital coin, a French G7 presidency source said on Wednesday.
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Credit: Wochit News
Published on July 17, 2019 -  00:32
Bitcoin Tumbles
Bitcoin has plunged 16% after a bruising day in Congress for Facebook's digital coin, Libra. "Facebook has burned down the house over and over and called every arson a learning experience," Sen. Sherrod Brown said. Brown's comments follow criticism of Libra from the Treasury Secretary, the President Donald Trump, and the Fed Chair. There has also bee criticism from the head of the House Financial Services Committee, Rep. Maxine Waters.

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