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Trump criticizes digital coins, demands they face banking regulations

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U.S. President Donald Trump blast Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to “become a bank.”

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter.

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International,” he added.

Facebook said last month it would launch its global cryptocurrency in 2020. Facebook and 28 partners, including Mastercard Inc (MA.N), PayPal Holdings Inc (PYPL.O) and Uber Technologies Inc (UBER.N), would form the Libra Association to govern the new coin. No banks are currently part of the group.

JPMorgan Chase & Co (JPM.N), the largest U.S. bank by assets, plans to launch its own digital coins.

Trump’s comments come one day after Federal Reserve Chairman Jerome Powell told lawmakers that Facebook’s plan to build a digital currency called Libra could not move forward unless it addressed concerns over privacy, money laundering, consumer protection and financial stability.

Powell said the Fed had established a working group to follow the project and was coordinating with other countries’ central banks, several of which have also expressed concern about Facebook’s digital currency project.

Facebook, the White House and the Treasury Department did not immediately respond to requests for comment. A spokeswoman for the Federal Reserve declined to comment.

Bitcoin BTC=BTSP, the best-known digital coin, was created in 2008 as an alternative to currencies controlled by governments and banks, but crypto trading and digital currencies remain largely unsupervised. The market has also faced allegations of money laundering and terrorist financing.

Trump’s series of tweets on cryptocurrency also come on the heels of an event at the White House where the president criticized large technology companies that he said treated conservative voices unfairly.

The Internet Association, a trade group representing major tech firms like Facebook, Twitter and Google, said: “Internet companies are not biased against any political ideology, and conservative voices in particular have used social media to great effect.

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24 Hours Across Africa

Samson Siasia ban for life by Fifa

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Former Nigeria coach Samson Siasia has been banned for life and fined $50,000 by Fifa for agreeing to ‘the manipulation of matches.’

Siasia was coach of Nigeria between 2010-2011 and for a spell in 2016 but the time period when Fifa believes he committed his infractions is unclear.

He has also served as coach of the country’s Under-20 and Under-23 sides.

In a statement, Siasia was found ‘guilty of having accepted that he would receive bribes in relation to the manipulation of matches.’

The sanction stems from an ongoing ‘large-scale investigation’ Fifa is conducting into the behaviour of Wilson Raj Perumal, a convicted match-fixer from Singapore.

He is the third African to be banned by Fifa for his links to Perumal after former Sierra Leone FA official Abu Bakarr Kabba and former Botswana FA official Mooketsi Kgotlele were suspended in July for five years and for life respectively.

A former international, Siasia won the 1994 Africa Cup of Nations with Nigeria, for whom he played over 50 times while scoring 16 goals.

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24 Hours Across Africa

Liverpool sweat over Adrian fitness

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Liverpool first choice keeper Allison Becker missed the UEFA Super cup final against Chelsea Fc due to calf injury.

Jurgen Klopp has stated they could play their second Permier League game against Southampton on Saturday without Adrian after a collision with a pitch invader.

Manager Jurgen Klopp says the Spaniard was injured during post-match celebrations following Liverpool’s win over Chelsea in the Super Cup on Wednesday.

“A supporter jumped over something, was chased by some security guys, slipped and kicked his ankle. Crazy,” Klopp said after Adrian saved Tammy Abraham’s penalty in the shootout win.”

He added: “Apart from that it was a brilliant night for him.”

Image result for liverpoolfc super cup celebration

Adrian was injured by a fan shortly after his team-mates congratulated him for the decisive penalty save during the Super Cup shootout

The incident happened as the Liverpool players were huddled together celebrating the match-winning save.

A supporter, attempting to join the group, ran towards them, slipping as he was grabbed by a steward, and collided with several players.

Klopp said: “There’s no doubt about how much we love our fans, there’s no doubt about that at all, but if they all could stop doing that – that’s the worst example we have so far heard about.

“We played against Manchester City and someone ran on the pitch then.

“At Norwich, there was someone as well.

“I don’t know what you can do about it in the stadium but that means there is a lot of responsibility for the supporters as well. If the one person cannot hesitate or stop himself, then the people around should do it because it’s not funny. It’s crazy. You think ‘wow, how can something like this happen?'”

Liverpool’s third-choice keeper Andy Lonergan, 35, who was an unused substitute for the game in Istanbul which finished 2-2 after extra time, could deputise for Adrian if the 32-year-old is ruled out.

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