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US State Secretary Pompeo: Bitcoin (BTC) Needs Bank-Grade Regulation

Published 08/21/2019, 08:16 AM
Updated 08/21/2019, 09:21 AM
© Reuters.   US State Secretary Pompeo: Bitcoin (BTC) Needs Bank-Grade Regulation
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Bitcoin (BTC) needs to be as highly regulated as SWIFT, commented US Secretary of State Mike Pompeo in an interview with CNBC Squawk Box. Pompeo mentioned the terrorism threat following 9/11 as one of the chief drivers of stricter money regulation.

Pompeo’s views echo those of US Treasury Secretary Steven Mnuchin, who views BTC as a tool used to launder money much more often in comparison with fiat currency.

“Look, the risk with anonymous transactions is one that we all know well. We know this from 9/11 and terror a...

This article appeared first on Cryptovest

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