Trump and his ex-banker treasury secretary are really scared of Bitcoin (and other cryptocurrency)
US treasury secretary Steven Mnuchin is apparently super concerned about the impact Facebook‘s Libra “cryptocurrency” will have on national security, reports Bloomberg. In a White House briefing, Mnuchin mirrored president Trump‘s recently-found tough stance on digital assets by claiming that its potential to facilitate crime is high. “Cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, human trafficking,” Mnuchin told reporters. “Many players have attempted to use cryptocurrencies to fund their maligned behavior. This is indeed a national security issue,” he added. Steve Mnuchin on whether…
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