US President Donald Trump has told Facebook and bitcoin they need to meet banking regulations if they want to develop a currency and become banks. Photo: AFP
US President Donald Trump has told Facebook and bitcoin they need to meet banking regulations if they want to develop a currency and become banks. Photo: AFP

Donald Trump blasts bitcoin, Facebook Libra, demands they face banking regulations

  • Trump’s comments mark a change from the White House’s usual silence on the subject even as federal regulators have grappled with how to regulate virtual coins
  • The market reaction to Trump’s comments was muted. Bitcoin saw little change from its level before Trump tweeted

US President Donald Trump has told Facebook and bitcoin they need to meet banking regulations if they want to develop a currency and become banks. Photo: AFP
US President Donald Trump has told Facebook and bitcoin they need to meet banking regulations if they want to develop a currency and become banks. Photo: AFP
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