Mnuchin holds briefing on regulating cryptocurrency
Treasury Secretary Steven Mnuchin gives a briefing to discuss regulatory issues associated with cryptocurrency.
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. T
he network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London.
Subscribe to Fox Business!
Watch more Fox Business Video:
Watch Fox Business Network Live:
Watch full episodes of FBN Primetime shows
Lou Dobbs Tonight:
Trish Regan Primetime:
Kennedy:
Follow Fox Business on Facebook:
Follow Fox Business on Twitter:
Follow Fox Business on Instagram:
These guys just trying to protect the banks, not trying to stop fraud
.
“We’re gonna make sure the financial systems are protected” = We have to make sure the rich can get the most benefit before all others
This dude has really been coming for my life lately, everyone of his policies has affected me
I’m so infuriated by the press after watching this. Shouting out questions over each-other like children and wasting time with off-topic sensational questions. Truly disgraceful.
sounds like a big fear behavior because they losin control..
Should we talk about all the evils the US dollar has been used for, or is that how this guy got his job?
₿iggest crime funders on the planet now realize ₿itcoin becomes a risk they can’t control. Love watching this though. Who in the right mind would use ₿TC for criminal issues while it’s on an open public ledger? Using the dollar is so much more safe..
i thought USD is the world’s biggest money launderers’ currency?
Leave crypto unregulated. If you want people to choose the dollar, work on making it a better currency choice.
When you look deeper into what Cryto and Blockchain technology provides it makes sense and does have a real value. Dogecoin is personally my favorite. I agree there needs to to be some regulated factors and more user friendly on cryto platforms. And a sense of security.
Mr. Secretary could you give an example of the illegal and illicit activities that cryptocurrencies like Bitcoin, XRP, and ETH have been used for and how those illegal and illicit activities vary from fiat such as USD, YEN, and AUD?
First they ignore us.
Then they laugh at us.
Then they fight us.
Then we win.
Bitcoin ripping up since the press conference!!!
Can we get some crypto savvy reporters!?
Anything done with bitcoin has traceability, not the same with the US dollar
@shin chan Check out Craig’s List, search for “trade”. There have always been people willing to trade without passing through the USD. As Bitcoin gets more popular there are more people willing to accept it directly.
Waw! and you said that without blinking an eye !!!! It just show your complete utter ignorance on Bitcoin ! Sorry to be so rude ! After a week learning about blockchain, you ll agree with my comments ! And sorry again !
@EncryptedM A and there is nothing the IRS can do either, because the IRS is understaffed and will be overwhelmed by the number of people and transactions leaving the fiat system and entering the blockchains, or hashgraph networks. Also so many people are getting anonymous cryptos like Monero and buying hard assets over seas with them, leaving behind no paper trial for IRS to follow.
Chris Bitcoin hodlers are not selling back into fiat ever again. They are waiting for the day where the global economy is functioning in satoshis. (Looks to be sooner than thought). When this occurs, there is nothing to prove and no money to pay taxes on. Bitcoin can’t be taxed. To them it looks like money is going in the system and never coming out. Because it’s not coming out in fiat. There is nothing they can do.
daniel Legler you spelled illegal wrong
I wonder how much money it will take to “convince” the Treasury Dept. so they allow cryptos to function within the system?
If we don’t have control of it ! We can’t extort taxes from it.
“bitcoin is based on thin air” while at the same time the govt with its increasing deficit and the federal reserve printing trillions of new dollar bills out of thin air and using jargons like quantum easing to make it sound so complex
This is great news! Big win for the cryptocurrency community!
Awesome! With every word, they are rising more and more skeptism regarding the current monetary system and following that rising interest in alternatives.