Bitcoin needs bank-grade regulation, says Pompeo

Bitcoin needs bank-grade regulation, says Pompeo

US Secretary of State Mike Pompeo has spelt out the need for Bitcoin to be highly regulated. Pompeo stated that Bitcoin posed a money laundering threat which can facilitate terror activity. Pompeo’s views echo those of US Treasury Secretary Steven Mnuchin, who views BTC as a tool used to launder money much more in comparison with fiat currency.

Simone
Simone
Luther Young
Luther Young 5 months

No it doesn't. The best thing about crypto is that, for the most part, it isn't regulated by anyone besides the consumer!

SimonR
SimonR 5 months

It's not a bank

Logan
Logan 5 months

Breaking News: Mike Pompeo completely misses the point of crypto.

Twofoldness
Twofoldness 5 months

Boomering intensifies**

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