Treasury Secretary Steven Mnuchin gives a briefing to discuss regulatory issues associated with cryptocurrency. - July 15th 2019
0:15 - Bitcoin and Libra
0:30 - Money Laundering, Terrorist Financiers and other Bad Players
1:15 - Talks with Libra Association, "serious concerns"
1:40 - Bitcoin caused Cyber Crime, Extortion and Tax Evasion, illicit drugs and human trafficking; "National Security Issue"
2:30 - Anti-Money-Laundering (AML); Combat Financing of Terrorism (CFT) Safeguards
2:50 - Bank Secrecy Act (BSA), register at Financial Crimes Enforcement Network (FinCEN)
4:20 - Establishment Financial stability oversight councils working group on digital assets
5:00 - "International nature of bitcoin" (FATF), talk at G20 and G7
6:10 - US Dollar shall remain global reserve currency
Questions:
6:30 - "Do you want Facebook to be in the business of issueing cryptocurrencies?"
8:00 - "Any concerns about privacy issues with Facebook?"
8:40 - "Trump does not like Facebook. Is his cryptocurrency bias based on this?"
9:30 - "Bitcoin is decentralized. What is your advice to US citizen for investment?"
10:10 - "Are you comfortable with the launch of Facebooks libra?"
(...)
28:01 End
At 10:30 answers start to cycle around the issue: Actually we only want the dollar and blame the competitors for the bad stuff, you ALSO can do with the currency WE issue.
If you find any interesting statements from Mnuchin feel free to post them down below!
Thx and steem on!
Note: I did not pick FOX for political reasons. It just was the first best stream i could find online.'