July 16, 2019 9:16 AM
FB needs 'very high standard' for Libra coin: US Treasury
US Treasury Secretary Steven Mnuchin has said, Facebook must meet a very high standard before it moves ahead with its planned digital currency, Libra.<br />''<br />''Mr Mnuchin told reporters at the White House that US regulators have already expressed concerns to the social media giant about the plan for a global cryptocurrency, noting that these kinds of virtual coins have in the past been associated with money laundering and illicit activities.<br />''<br />''He said, ...