Trump lashes out at Libra

Donald Trump
Donald Trump

The US president has become the latest person to criticise Facebook’s proposed Libra system for its potential financial stability risks.

In a series of tweets, Trump said Libra would have to seek a banking charter if it wanted to operate like a bank. “Facebook Libra’s ‘virtual currency’ will have little standing or dependability,” he said.

Trump also criticised crypto assets more broadly, saying he was “not a fan” of bitcoin and similar assets, adding they are “not money”, are highly volatile

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: