Crypto Working Group is being created
Steven Mnuchin is the US Treasury Secretary. In a statement Friday, Mnuchin said that the Financial Stability Surveillance Council has formed a crypto-system-focused workgroup.
The Mnuch; During an appearance at The Economic Club in Washington DC, Bitcoin was in the process.
"We want to make sure that the bad guys will not use these currencies to make bad money," and "We stand a lot on cryptocrites," said Mnuchin, noting the controversy with other regulators in the US government.
He also said that the US government is also involved in the G-20 international group. In December, Mnuchin's French counterpart, G-20, called for more action, highlighting the "risk of speculation".
Besides, he mentioned that the subject was worried. Mnuchin also said:
"I want to make sure that the consumers who do this trade understand the risks, because I worry that consumers will be hurt."
During the talks, Mnuchin said it is unlikely that the numerical version of the Federal Reserve's fiat currencies will soon be developed as a matter of debate in central banks around the world.