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JPMorgan's Dimon says Facebook's Libra currency 'will never happen'

Reuters India Friday, 18 October 2019
Facebook's Libra digital currency project is "a neat idea that will never happen," JPMorgan Chase chief executive Jamie Dimon said on Friday, adding to scepticism of the project which has been criticized by policymakers and some regulators.
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News video: Facebook’s Libra Project May Consider Stablecoin in Effort to Ease Concerns

Facebook’s Libra Project May Consider Stablecoin in Effort to Ease Concerns 04:52

David Marcus, the head of Facebook’s Calibra, reportedly told banking seminar attendees that the project is open to having a series of stablecoins pegged to specific government-backed currencies.

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