• Latest
US Treasury Secretary Mnuchin Voices New Pessimism About Bitcoin’s Future

US Treasury Secretary Mnuchin Voices New Pessimism About Bitcoin’s Future

July 25, 2019
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

March 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

March 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

March 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

March 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

March 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

March 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

March 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

March 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

March 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

March 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

March 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

March 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

US Treasury Secretary Mnuchin Voices New Pessimism About Bitcoin’s Future

coinnewsdaily by coinnewsdaily
July 25, 2019
in Litecoin
0
US Treasury Secretary Mnuchin Voices New Pessimism About Bitcoin’s Future
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Litecoin confidential transactions spook Korean exchanges

Litecoin confidential transactions spook Korean exchanges

May 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

May 22, 2022

United States Treasury Secretary Steven Mnuchin voiced new bearish views on Bitcoin today, saying that he probably will not be talking about the number one cryptocurrency in as soon as five years. In an interview with “Squawk Box” CNBC on July 24, Mnuchin said:

“I won’t be talking about Bitcoin in 10 years, I can assure you that […] I would bet even in 5 or 6 years I’m no longer talking about Bitcoin as Treasury Secretary. I’ll have other priorities […] I can assure you I will personally not be loaded up on Bitcoin.”

Mnuchin’s latest remarks follow a recent statement about how cryptocurrencies primarily exist as a vehicle for crime and speculative investment, saying, “I think to a large extent, these cryptocurrencies have been dominated by illicit activities and speculation.” 

However, CEO and Digital Currency Group founder Barry Silbert celebrated the Treasury Secretary’s remarks, saying that they were “complete and total validation of Bitcoin.”

Money Laundering

Mnuchin also recently claimed that fiat money is not laundered to the extent that Bitcoin is. In a separate Squawk Box interview, Mnuchin said that the U.S. has the strongest Anti-Money Laundering system in the world. Bitcoin, on the other hand, he believes is vulnerable to money laundering.

As previously reported by Cointelegraph, economist and anti-cryptocurrency pundit Nouriel Roubini recently wrote an essay with high criticism of the crypto exchange BitMEX, implying that the exchange knowingly launders money for terrorists and criminals:

“BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere; the exchange does nothing to stop this, as it profits from these transactions.”



Credit: Source link

Share76Tweet48
Previous Post

Unlicensed Bitcoin Exchange Operator Indicted by Justice Department

Next Post

Ripple Sold Over $250 Million in XRP in the Second Quarter of 2019

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Litecoin confidential transactions spook Korean exchanges
Litecoin

Litecoin confidential transactions spook Korean exchanges

May 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21
Litecoin

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

May 22, 2022
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14
Litecoin

Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

May 19, 2022
meta to launch metaverse hardware store, elon musk buys twitter for $44b and apecoin pumps to new highs: hodler’s digest, april 24 30
Litecoin

Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

May 5, 2022
Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Load More
Next Post
Ripple Sold Over $250 Million in XRP in the Second Quarter of 2019

Ripple Sold Over $250 Million in XRP in the Second Quarter of 2019

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$28,443.00-0.61%
  • ethereumEthereum(ETH)$1,816.56-0.91%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$314.87-1.03%
  • rippleXRP(XRP)$0.51-5.58%
  • cardanoCardano(ADA)$0.389002-2.00%
  • dogecoinDogecoin(DOGE)$0.08520210.07%
  • matic-networkPolygon(MATIC)$1.10-1.34%
  • solanaSolana(SOL)$21.01-0.89%
  • polkadotPolkadot(DOT)$6.370.04%
  • litecoinLitecoin(LTC)$93.250.91%
  • shiba-inuShiba Inu(SHIB)$0.0000115.11%
  • tronTRON(TRX)$0.0664950.93%
  • daiDai(DAI)$1.00-0.02%
  • chainlinkChainlink(LINK)$7.49-1.36%
  • cosmosCosmos Hub(ATOM)$11.391.64%
  • leo-tokenLEO Token(LEO)$3.39-2.50%
  • ethereum-classicEthereum Classic(ETC)$21.161.65%
  • stellarStellar(XLM)$0.107437-4.07%
  • moneroMonero(XMR)$157.550.22%
  • okbOKB(OKB)$41.87-0.43%
  • bitcoin-cashBitcoin Cash(BCH)$125.900.30%
  • filecoinFilecoin(FIL)$5.73-0.40%
  • crypto-com-chainCronos(CRO)$0.0698310.45%
  • vechainVeChain(VET)$0.023484-0.49%
  • algorandAlgorand(ALGO)$0.222361-1.95%
  • internet-computerInternet Computer(ICP)$5.21-0.51%
  • eosEOS(EOS)$1.19-0.60%
  • elrond-erd-2MultiversX(EGLD)$42.74-0.94%
  • theta-tokenTheta Network(THETA)$1.071.60%
  • aaveAave(AAVE)$74.01-0.62%
  • tezosTezos(XTZ)$1.12-0.37%
  • neoNEO(NEO)$12.36-1.74%
  • havvenSynthetix Network(SNX)$2.56-0.02%
  • paxos-standardPax Dollar(USDP)$1.00-0.10%
  • bitcoin-cash-svBitcoin SV(BSV)$36.18-0.12%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.730.05%
  • dashDash(DASH)$59.38-0.49%
  • makerMaker(MKR)$689.23-0.60%
  • iotaIOTA(MIOTA)$0.2234351.40%
  • huobi-tokenHuobi(HT)$3.670.24%
  • zilliqaZilliqa(ZIL)$0.03307811.18%
  • basic-attention-tokenBasic Attention(BAT)$0.2828141.27%
  • zcashZcash(ZEC)$37.88-2.37%
  • nemNEM(XEM)$0.0415121.94%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.130.52%
  • kusamaKusama(KSM)$33.70-3.79%
  • compound-governance-tokenCompound(COMP)$43.27-0.31%
  • yearn-financeyearn.finance(YFI)$8,717.30-0.93%
  • bitcoin-goldBitcoin Gold(BTG)$16.05-0.13%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2504062.75%
  • ontologyOntology(ONT)$0.2445891.88%
  • omisegoOMG Network(OMG)$1.54-2.48%
  • wavesWaves(WAVES)$2.140.58%
  • sushiSushi(SUSHI)$1.09-2.62%
  • digibyteDigiByte(DGB)$0.0099232.53%
  • umaUMA(UMA)$2.100.24%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%