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Bitcoin And Crypto Suddenly Branded A 'National Security Issue'

Jul 16, 2019👎Bearish

Now, U.S. Treasury secretary Steven Mnuchin has added his voice to the assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose a "national security" risk to the country.

Echoing Fed chair Jerome Powell, Mnuchin said he is "not comfortable" with Faceboo's plans for its private cryptocurrency, Libra.

The latest comments from the Trump administration on bitcoin and cryptocurrencies have been taken by some as "bullish news for the future of cryptocurrencies.

Bitcoin and cryptocurrencies have been thrown into the limelight over recent months by social media giant Facebook's plans to launch its own private cryptocurrency next year, with much of the attention negative.

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