US Treasury Secretary: We're Looking 'Carefully' at Illicit Uses of Bitcoin
From Coindesk
Read more: https://www.coindesk.com/us-treasury-secretary-were-looking-carefully-at-illicit-uses-of-bitcoin/News • Crime • US & Canada
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The U.S. Secretary of the Treasury, Steven Mnuchin, has said his department is looking into the illegal uses of bitcoin.In an interview with Yahoo Finance, Mnuchin said the situation should be examined "very carefully," stressing it is important to ensure that bitcoin is not used for "illicit purposes."
Mnuchin stated:
"So we want to make sure that you don't have the dark web funded in bitcoins. And that's something that is a concern of ours today."
The issue is one he is discussing with international counterparts, he said.
Mnuchin added that bitcoin dealers in the U.S. must comply with know-your-customer and Bank Secrecy Act requirements, which are aimed to counter money laundering and fraud.
Meanwhile the press is looking the Secretary's flagrant misuse of government planes.
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Wouldn't it be awesome if they could look carefully about illicit and mis-use of public money ?