Mnuchin ‘Fine’ With Libra Launch, But Crypto Project Must ‘Fully’ Comply With AML Rules

2019-12-6 14:15

Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter.

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project mnuchin rules libra launch issue facebook-led

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Watch Steven Mnuchin’s Surprise Press Conference on Cryptocurrency

The US Treasury Department made the surprise announcement on Monday that Secretary Steven Mnuchin would hold a press conference to address cryptocurrency regulation. Mnuchin’s press conference, which began around 2 pm ET, comes amid a flurry of controversy triggered by Facebook’s announcement that it would spearhead a cryptocurrency project, dubbed “Libra.

2019-7-16 21:03