Bitcoin (BTC) Facilitates Crime, According to US Treasury Secretary Mnuchin
Cryptovest
Published Jul 16, 2019 01:04PM ET
Updated Jul 16, 2019 02:21PM ET
Bitcoin (BTC) Facilitates Crime, According to US Treasury Secretary Mnuchin
The spreading of cryptocurrency is a matter of national security, said US Treasury Secretary Steven Mnuchin in a special conference dedicated to discussing Facebook’s Libra project and digital assets in general. Pretty much, Mnuchin reiterated earlier criticisms against the digital asset markets.
“Cryptocurrency such as Bitcoin has been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, human trafficking. Many players have attempted to use cryptocurrencies to fund their malign behavior,” said Mnuchin.
Mnuchin also conflated the effect of
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