Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Bitcoin (BTC) Facilitates Crime, According to US Treasury Secretary Mnuchin

Published 07/16/2019, 01:04 PM
Updated 07/16/2019, 02:21 PM
Bitcoin (BTC) Facilitates Crime, According to US Treasury Secretary Mnuchin

The spreading of cryptocurrency is a matter of national security, said US Treasury Secretary Steven Mnuchin in a special conference dedicated to discussing Facebook’s Libra project and digital assets in general. Pretty much, Mnuchin reiterated earlier criticisms against the digital asset markets.

“Cryptocurrency such as Bitcoin has been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, human trafficking. Many players have attempted to use cryptocurrencies to fund their malign behavior,” said Mnuchin.

Bitcoin

This article appeared first on Cryptovest

Latest comments

I mean 200 billion dollar of btc
just like dollar only trillions of dollar against 200 billion btc,
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.