A senior U.S. Treasury official on Wednesday called cryptocurrencies an “evolving threat” that is a “high focus” for the U.S. government.
“We’re concerned about the use of cryptocurrencies for illicit purposes all over the world,” said Sigal Mandelker, Treasury under secretary for terrorism and financial crimes, in testimony to the Senate Banking Committee. “It is an area we are tracking very carefully,” she said.
Mandelker said the U.S. has adequate regulations in place to oversee domestic cryptocurrency but was concerned that so few other countries have similar regulations in place.
Last week, Treasury Secretary Stephen Mnuchin warned against bitcoin becoming the next “Swiss Bank account.”
Read more at:
https://www.marketwatch.com/story/us-treasury-official-calls-cryptocurrencies-an-evolving-threat-2018-01-17
