US Treasury Secretary Steven Mnuchin makes several statements regarding international use Numeric currencies at a meeting of the Economic Club of Washington Friday

The Secretary expressed concern that Bitcoin portfolios could potentially become the modern equivalent of the anonymous Swiss bank account. He intends to work with the G20 countries to provide tracking capabilities in the United States to prevent such misuse. He said:

"If you have a portfolio to own Bitcoins, this company has the same obligation as a bank of knowledge [you] .We can track these activities." of the world does not have that, so one of the things we will be working very closely with the G-20 is to make sure that this does not become the Swiss bank account. "

Mnuchin does not seem to understand that not all portfolios are hosted by "companies".

Opinion of the industry

Experts in the cryptocurrency industry are not so excited about the idea. For example, Sergei Sevriugin, CEO and founder of the REGA risk-sharing platform, told Cointelegraph:

"I think the regulation already exists for cryptocurrency, but not regulation the best kind of regulation that can exist Centralized regulation will kill the idea of ​​crypto currency and, without any control from the community, this type of settlement will cause several problems, including corruption. all remind us that the last crisis, including the collapse of the mortgage system in 2008, was under total control and regulation.To put cryptocurrency under total control, the authorities must first master the Internet.

Skender Sanctions

Mnuchin also discussed the potential of countries to use digital currencies to circumvent sanctions. He expressed the belief that there was little risk of such activities, saying that it was "not at all" worried that countries like Russia and Venezuela could function in this way .