Basic UK 234 Folder Collection
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00:00:00,000 --> 00:00:03,010 Last month the Libra Association,
a consortium of 28 businesses, including a Facebook
subsidiary, announced that it is developing a cryptocurrency
called the Libra.
The Treasury Department has expressed very serious concerns
that Libra could be misused by money launderers
and terrorist financiers.
Cryptocurrencies such as Bitcoin have
been exploited to support billions
of dollars of illicit activity, like cybercrime, tax
evasion, extortion, ransomware, illicit drugs,
human trafficking.
Many players have attempted to use cryptocurrencies to fund
their malign behaviour.
This is indeed a national security issue.
The United States has been at the forefront
of regulating entities that provide cryptocurrency.
We will not allow digital assets service providers
to operate in the shadows, and will not
tolerate the use of the cryptocurrencies
in support of illicit activities.
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US Treasury has serious concerns over Facebook's Libra

234 Folder Collection
洪子雯 published on July 18, 2019
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