Express

Setting Cryptocurrency Standards

Saul Vicente

Summary: Sigal Mandelker, a U.S. Treasury official, spoke to reporters in Geneva Switzerland about cryptocurrency on Tuesday. According to Reuters, Mandelker made the following statement “Whether it’s bitcoin, Ethereum, Libra, our message is the same to all of these companies: anti-money laundering and combating the financing of terrorism has to be built into your design from ...

Sigal Mandelker, a U.S. Treasury official, spoke to reporters in Geneva Switzerland about cryptocurrency on Tuesday. According to Reuters, Mandelker made the following statement “Whether it’s bitcoin, Ethereum, Libra, our message is the same to all of these companies: anti-money laundering and combating the financing of terrorism has to be built into your design from the get-go.”  

Mandelker will keep the conversation on cryptocurrency going today as she meets with FINMA. Reuters reports, this meeting will be centered around placing “anti-money laundering safeguards”, and consequences for violating the rules set in place.

Author: Saul Vicente

Last Update:

Tags: ,,,,,,,
Link: Setting Cryptocurrency Standards   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 13 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.