Facebook began to learn how Washington will check its push into digital currencies, with leaders of the Federal Reserve and an influential Senate committee saying they will scrutinize its rollout
WASHINGTON—Facebook Inc. began to learn how Washington will check its push into digital currencies, with leaders of the Federal Reserve and an influential Senate committee saying they will scrutinize its rollout.
Fed Chairman Jerome Powell on Wednesday said the central bank has “significant input into the payments system,” the e-commerce network that Facebook is seeking to disrupt with its Libra currency. Banking regulators also can enforce anti-money-laundering controls on such businesses, Mr. Powell told reporters.
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