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
Topic |   Donald Trump

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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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