ILMN - Mnuchin Opens To Libra Tesla Closes Above $250; Goldman Beats Confirming Charts Buy
While Mnuchin did his best to persuade that he is going to give Facebook a hard time, he did the opposite
Facebook (FB) has the resources to overcome any regulatory issues that exist. Mnuchin states that Libra must prove that it conforms to AML (Anti-Money Laundering) and Know-Your-Customer. The Treasurer is concerned about funding terrorism and money laundering issues or funding other illicit activities.
Facebook has the means to overcome such bureaucratic hurdles. Libra changes the conversation about FB, it is no longer about advertising dollars. FB is innovating and using its computing power to