Bitcoin And Crypto Suddenly Branded A 'National Security Issue'

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Bitcoin And Crypto Suddenly Branded A 'National Security Issue'
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Bitcoin and cryptocurrencies have been thrown into the limelight by social media giant Facebook's plans to launch its own private cryptocurrency next year, with much of the attention negative...

just after the chair of the U.S. Federal Reserve said closer regulation of cryptocurrencies was neededNow, U.S. Treasury secretary Steven Mnuchin has added his voice to the assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose a"national security" risk to the country.

Echoing Fed chair Jerome Powell, Mnuchin said he is"not comfortable" with Facebook's plans for its private cryptocurrency, Libra. Last week, Trump tweeted that he's"not a fan of bitcoin and other cryptocurrencies ... Unregulated crypto-assets can facilitate unlawful behavior, including drug trade and other illegal activity,"

The latest comments from the Trump administration on bitcoin and cryptocurrencies have been taken by some as"bullish news for the future of cryptocurrencies."

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