Facebook’s Libra is a terrorist’s best friend, thunders US Treasury: Crypto-coins dubbed ‘national security risk’

Facebook’s Libra is a terrorist’s best friend, thunders US Treasury: Crypto-coins dubbed ‘national security risk’

Posted July 15, 2019

Facebook’s Libra is a terrorist’s best friend, thunders US Treasury: Crypto-coins dubbed ‘national security risk’

Source: The Register
By: Kieren McCarthy
Published: July 15, 2019

* The US Treasury Secretary today put a big dent into Facebook’s Libra cryptocurrency plans, by claiming it would be a “national security risk,” as well as a likely source of money laundering for – among others – terrorists.
* Steven Mnuchin held a press conference to make sure his attack got wide coverage. In it, he criticized all cryptocurrencies for having “been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs and human trafficking.”