RATE Group | Donald Trump blasts Facebook’s Libra cryptocurrency plans after attacking tech giants – …
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Donald Trump blasts Facebook’s Libra cryptocurrency plans after attacking tech giants – …

14 Jul Donald Trump blasts Facebook’s Libra cryptocurrency plans after attacking tech giants – …

Posted at 07:53h in Cryptocurrency News by

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DONALD Trump blasted Facebook’s plan to launch a new cryptocurrency after attacking tech giants at a social media summit.

The US President took to Twitter to dismiss Bitcoin and other cryptocurrencies as “highly volatile and based on thin air”.

Trump blasted Facebook’s plan to launch a new cryptocurrency after attacking tech giants at a social media summit

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Trump blasted Facebook’s plan to launch a new cryptocurrency after attacking tech giants at a social media summitCredit: EPA
Facebook boss Mark Zuckerberg is diving into the murky world of crypto cash

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Facebook boss Mark Zuckerberg is diving into the murky world of crypto cashCredit: AFP or licensors

He added that Facebook’s virtual currency will have “little standing or dependability”.

Trump declared that if Facebook and other tech companies want to become a bank, they must adhere to the necessary regulations.

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump tweeted.

“Unregulated Crypto Assets can facilitate unlawful behaviour, including drug trade and other illegal activity.

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The US President took to Twitter to dismiss Bitcoin and other cryptocurrencies

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The US President took to…

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