Mnuchin says Treasury will ensure bitcoin doesn’t become ‘Swiss-numbered bank accounts’

In an interview with CNBC, Treasury Secretary Steven Mnuchin said the Treasury will set up regulations so Bitcoin ($BTC) and other cryptos do not "become the equivalent of Swiss-numbered bank accounts, which [are] obviously a risk to the financial system." Mnuchin also argued that allegations of widespread illicit use of physical dollars are misrepresented:

I don’t think that’s accurate at all, that cash is laundered all the time. We combat bad actors in the U.S. dollar every day to protect the U.S. financial system.

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