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Setting Cryptocurrency Standards
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
Tags: Bitcoin,Blockchain,Crypto Market,Cryptocurrency,Exchange,Facebook,Libra,United States
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