In recent comments on cryptocurrencies, US Treasury Secretary Steve Mnuchin questioned whether Bitcoin should be considered a currency at all.
He also expressed concern about the use of virtual currencies to finance terrorist groups, but seemed enthusiastic about the technology of the book distributed as a whole.
US Treasury Secretary Steve Mnuchin said he does not "think you can call Bitcoin a currency, even though it has certain aspects of one," and that digital assets are "obviously one of the most volatile investments, which I have seen sometime. " He made the remarks at an event organized by the Los Angeles World Affairs Council on February 26.
One of the main concerns of the US government. UU The virtual currency is about finding ways to prevent terrorist groups from using the funds to finance their operations, he said. In that sense, he said, the Financial Stability Supervisory Board, that the president has "created a specific subcommittee to study the cryptocurrency."
According to Mnuchin, Bitcoin transactions are easy to trace within the US. UU., But "there are other areas of the world where you can not control anything and it is the equivalent of a numbered bank account in Switzerland".
Therefore, the US government UU is "very focused" on working to find solutions to this problem together with other members of the G20, who generally agree "that we must ensure that all the different important countries can monitor these transactions so that the technology is not used for illicit. "
He described his somewhat negative characterization of the cryptocurrency as a means of financing terrorism by saying that, in a more general sense, distributed accounting technology is "very important". He also acknowledged that "people have talked about ... digital dollars and digital euros."
Source: ETHNews