Digital Assets – Crypto Currencies

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  • Mnuchin Promises Very Strong Actions on Illicit Use of Crypto – Libra Frozen & More

    CryptoEnsemble   Crypto Reports 
    18 July 2019

    Steven Mnuchin, the US Treasury Secretary, keeps promising "very, very strong" enforcement of existing financial regulations against criminal uses of crypto. This also includes fighting countries like China, Russia, and Iran which use crypto to evade US sanctions. Yet he strongly believes in the blockchain. The major political opposition faced by Facebook's cryptocurrency is likely to kill the Libra project even before it begins. Libra could be a major accelerator for crypto adoption in the world, yer it could also spur restrictive regulations on other cryptocurrencies.

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