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Comments from Mnunchin
- US focuses on "growing concern" over misuse of crypto
- Seriously worries about misuse of Facebook's Balance
- Treasury has very clearly explained to Facebook and Bitcoin users that they should implement the same anti-money laundering protections as traditional financial service providers.
- Bitcoin is a national security problem
- Our problem number 1 is that we do not want bad actors using cryptocurrency
- On Libra: "I'm not comfortable today"
- "I do not know why Bitcoin is negotiating where it does"
Looks like Mnuchin is not a big crypto fan. There was some fear that he would knock the hammer down, but that sounds more like a warning.
Bitcoin fell from $ 10,500 to $ 10,300 after the announcement of the press conference.
ForexLive
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