Donald Trump has criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global regulations if they wanted to become a bank.
He said I’m not a fan of Bitcoin and other Cryptocurrency which are obviously not money and whose value is highly volatile and based on thin air, Trump wrote this on Twitter
Facebook announced last month it would launch its global cryptocurrency in 2020. Facebook and 28 partners including MasterCard Inc, PayPal Holdings Inc and Uber Technologies inc, would form the Libra Association to govern the new coin but no bank is are part of the groups
