US Treasury Secretary discusses Bitcoin regulation

posted about 1 month ago
Steven Mnuchin, the United States Secretary of the Treasury, just concluded an official briefing on crypto regulation and various issues related to assets like Bitcoin and Libra.

He said “Recently, as you know, there has been a great deal of interest about digital assets including cryptocurrencies such as bitcoin and Libra. There are many regulatory and supervisory questions regarding libra, virtual assets, and virtual currencies… The United States has been at the forefront of regulating entities that provide cryptocurrency. We will not allow digital asset service providers to operate in the shadows and will not tolerate the use of the cryptocurrencies in support of illicit activities… Treasury has been very clear to Facebook, to bitcoin users and other providers of digital financial services that they must implement the same anti-money laundering and countering financing of terrorism, known AMLCFT safeguards as traditional financial institutions.”
Tags: opinion, blockchain, bitcoin, news