Cryptocurrencies
Mnuchin Says U.S. Planning Cryptocurrency Rules on Transparency
- FinCEN preparing rules to prevent digital money laundering
- Says U.S. doesn’t need central-bank issued digital currency
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Treasury Secretary Steven Mnuchin said Wednesday the U.S. soon will announce new regulations related to crytocurrency and digital payment systems.
Mnuchin told a Senate Finance Committee hearing that the department’s Financial Crimes Enforcement Network is preparing rules that will improve transparency and prevent cryptocurrencies from being used as “secret bank accounts.”