Dim prospects not worth mentioning? U.S. Treasury Secretary: Bitcoin won't even

Kabir903

To prevent financial crimes or distorted monetary policies, Mnuchin had also called on the Financial Crimes Enforcement Network (FinCEN) and the Financial Action Task Force (FATF), urging relevant institutions to follow the highest standards of regulatory requirements and carefully evaluate when formulating guidelines for cryptocurrencies.

Therefore, Mnuchin added in this interview, 'We will ensure the adoption of a unified approach, and my guess is that these institutions will gradually introduce new regulations.'

Mnuchin, in public remarks, incorrectly claimed, 'Legal tender is not a tool for money laundering,' and 'In Bitcoin and other cryptocurrencies, there are billions of dollars in transactions used for illegal purposes.'

In response to these claims, several media outlets, including "Squawk Box" anchor Joe Kernan, expressed skepticism. Tom Robinson, CEO of the research firm Elliptic, wrote an op-ed for a tech media outlet refuting the claims, stating that 'less than 0.5% of Bitcoin transactions are used for illegal purposes.'

Even setting aside the 'money laundering' controversy, Mnuchin seems to still believe that the future of cryptocurrency remains bleak and should continue to fight for the dollar. He said, 'I think the dollar is the world's reserve currency. It is in our interest. We want to maintain its status.

Indra55

There's really no need to suppress this.

Iti9

Does she really think she's a prediction wizard?

Kamal531

Will Bitcoin experience such a situation?