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Trump blasts Bitcoin and says cryptocurrencies, including Facebook’s Libra, should be ‘subject to all banking regulations’ (FB)

A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration

  • President Donald Trump railed against cryptocurrencies and specifically called out Bitcoin and Libra, Facebook’s new cryptocurrency that is backed by companies like Uber and Mastercard.
  • Trump tweeted he was “not a fan of Bitcoin and other Cryptocurrencies.”
  • Trump joins politicians from both sides of the aisle in expressing skepticism about Facebook’s ambitions with Libra.
  • Trump’s comments came on the same day as a social-media summit at the White House, in which he accused Facebook and Twitter of censoring him and conservative commentators.
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President Donald Trump railed against cryptocurrencies and specifically called out Bitcoin and <a target="_blank" read more >>>

Source:: BusinessInsider.Com