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Published on Gold Anti-Trust Action Committee (http://gata.org)

Treasury's Mnuchin says there's no need for a digital dollar

By cpowell
Created 2018-01-13 00:00

By Kasia Klimasinska and Saleha Mohsin
Bloomberg News
Friday, January 12, 2018

So much for a digital dollar any time soon.

U.S. Treasury Secretary Steven Mnuchin said he spoke to the Federal Reserve about cryptocurrencies, and the Financial Stability Oversight Council has set up a working group on it.

He and the Fed don't see a need to issue a digital currency, Mnuchin said today in Washington.

While there is a growing clamor for regulation of the estimated $700 billion cryptocurrency market, Mnuchin said there are U.S. laws allowing for the tracking of cryptocurrencies and bitcoin activities. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-01-12/treasury-s-mnuchin-sa... [1]



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