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Steven Mnuchin Denies Cash has been Laundered
Summary: Steven Mnuchin, Treasury Secretary for the U.S., has critiqued cryptocurrencies stating that they are more likely to be used for illicit activities, such as money laundering. Mnuchin states that the tight regulations on cryptocurrencies, such as Bitcoin, are due to the fact that it is more susceptible to money laundering, unlike cash. Direct quote from Mnuchin, “We are ...
Steven Mnuchin, Treasury Secretary for the U.S., has critiqued cryptocurrencies stating that they are more likely to be used for illicit activities, such as money laundering. Mnuchin states that the tight regulations on cryptocurrencies, such as Bitcoin, are due to the fact that it is more susceptible to money laundering, unlike cash. Direct quote from Mnuchin, “We are going to make sure that bitcoin doesn't become the equivalent to swiss numbered bank accounts.” Mnuchin denies the implication that cash has been used for nefarious acts.
Author: Sofia Cabrera
Tags: Bitcoin,Cryptocurrency,illicit activities,Money Laundering,nefarious acts,Steven Mnuchin,Treasury Secretary for the U.S.
Link: Steven Mnuchin Denies Cash has been Laundered [Copy]
