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Mnuchin holds briefing on regulating cryptocurrency

Treasury Secretary Steven Mnuchin gives a briefing to discuss regulatory issues associated with cryptocurrency.

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25 comments

  1. Tron Jeremy

    ₿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..

  2. Zack De

    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.

  3. VladiTheGreatest

    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?

    1. George Vaccaro

      @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.

    2. AND S70

      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 !

    3. Slay Bae

      @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.

    4. EncryptedM A

      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.

  4. LionCrest23

    “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

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