Treasury Secretary Won’t Let Crypto Become Next Swiss Bank Accounts

2019-6-22 05:00

By CCN Markets: U. S. Treasury Secretary Steven Mnuchin said that the G7’s Financial Action Task Force (FATF) organization will never let crypto assets “become the equivalent of secret numbered accounts.

” Mnuchin was addressing a plenary session of the G7 initiative aimed at combating money laundering and terrorism financing. The U. S. Treasury Secretary was referring to secretive bank accounts commonly offered in Switzerland as well as other offshore financial hubs where the identity of the account holder is kept secret and a client is only identified by a code word. Mnuchin also disclosed that he had convened a working group comprised

The post Treasury Secretary Won’t Let Crypto Become Next Swiss Bank Accounts appeared first on CCN Markets

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