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U.S. regulators have formed a working group to assess the economic and financial crime risks that Facebook's planned cryptocurrency, Libra, may pose to the global financial system, the head of the Federal Reserve said in a hearing Thursday. Jerome Powell, an attorney who ran a private investment firm before taking the helm of the Federal Reserve last year, told Senate Banking Committee members that the central bank has also made contact with other U.S. and overseas regulators to address the many "serious concerns" Libra raises in the context of data privacy and money laundering. "Is the [Libra] blockchain going to...