Trump: I’m ‘not a fan’ of cryptocurrencies, and Facebook may need a banking charter for Libra

U.S. President Donald Trump on Thursday said he’s « not a fan » of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch Libra.In a series of Twitter posts, Trump said cryptocurrencies are not money and « Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity. »The president added that the U.S. dollar — which he called « the most dominant currency » in the world — is the « only one real currency in the USA. »This is a breaking news story. Check back for updates.

Source: CNBC

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