Mnuchin has joined Donald Trump, Jerome Powell, and Maxine Waters in questioning the cryptocurrency. Bitcoin traders yawned.
US government officials fear Facebook's upcoming digital currency, Libra, could be used to fund terrorism, human trafficking, and other illegal activities. "Libra could be misused by money launderers and terrorist financiers," Treasury Secretary Steven Mnuchin said during a press conference this week. President Donald Trump, Fed Chair Jerome Powell, and Democratic Rep. Maxine Waters have also expressed concerns about Libra, Bitcoin, and other cryptocurrencies.
US government officials fear Facebook's upcoming digital currency, Libra, could be used to fund terrorism, human trafficking, and other illegal activities. "Libra could be misused by money launderers and terrorist financiers," Treasury Secretary Steven Mnuchin said during a press conference this week. President Donald Trump, Fed Chair Jerome Powell, and Democratic Rep. Maxine Waters have also expressed concerns about Libra, Bitcoin, and other cryptocurrencies.
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