Tagged: steven mnuchin

July 1, 2020 @ 10:41 am By JD Alois  |  

The Financial Action Task Force (FATF) completed a meeting this week calling on members to “tackle new threats and vulnerabilities posed by criminals during the COVID-19 crisis.” The FATF is an international policy-making and standard-setting body, headquartered in Paris, dedicated to combating money laundering and… Read More

April 17, 2020 @ 2:53 pm By JD Alois  |  

As has been widely reported, the Paycheck Protection Program – part of the CARES Act that provided SMEs with 2 months of payroll loans that may be forgiven – has run out of money. The widely lauded plan has struggled to distribute the funds as… Read More

March 31, 2020 @ 7:58 am By Omar Faridi  |  

Payments company Square (NYSE:SQ) and Venmo’s parent firm PayPal (NASDAQ:PYPL) are reportedly holding discussions with the US government about potentially using their applications to provide much-needed stimulus payments to American citizens, following the global Coronavirus (COVID-19) outbreak. The new service being proposed by Square and… Read More

March 3, 2020 @ 10:36 am By JD Alois  |  

Yesterday, the U.S. Treasury Department held a meeting with cryptocurrency industry leaders to discuss regulatory and supervisory challenges facing the digital asset industry. Secretary Steven Mnuchin issued the following statement: “The U.S. welcomes responsible innovation, including new technologies that may improve the efficiency of the… Read More

February 14, 2020 @ 7:35 am By Omar Faridi  |  

Federal agencies and departments established within the US Justice Department and the Treasury Department are reportedly requesting that millions of dollars be allocated to support their oversight and enforcement efforts related to the cryptocurrency industry. US President Donald Trump’s administration introduced its $4.8 trillion budget… Read More

October 31, 2019 @ 3:30 am By Cali Haan  |  

Deputy finance ministers from France, Germany, Italy, Spain and the Netherlands have been meeting behind closed doors throughout October to devise a strategy to prevent Facebook from launching its proposed Libra cryptocurrency network among its 2.5 billion users next year. According to four sources to Politico EU,… Read More

July 24, 2019 @ 5:00 pm By Cali Haan  |  

U.S. Treasury Secretary Steve Mnuchin told an interviewer at CNBC’s Squawk Box July 24th that he, “won’t be talking about Bitcoin in 10 years. I can assure you that.” “But you might be talking about it in six years…as Treasury Secretary, ” said the interviewer…. Read More

July 19, 2019 @ 2:36 am By Cali Haan  |  

Speaking from outside G7 meetings being held in Chantilly, France, on Thursday, US Secretary of the Treasury, Steve Mnuchin, elaborated on his government’s recently expressed sentiments towards Facebook’s Libra and cryptocurrencies in general. “Anybody in the US that touches a Bitcoin is responsible for (enforcing)… Read More

July 17, 2019 @ 6:02 pm By JD Alois  |  

Bruno Le Maire, the French Minister of the Economy and supporter of cryptocurrency, has been tweeting about virtual currencies today during meetings of the G7 taking place in France. Le Maire has been a vocal supporter of blockchain technology and a strong voice in support… Read More

July 16, 2019 @ 9:48 am By JD Alois  |  

US Secretary of Treasury Steven Mnuchin held a press conference yesterday in advance of Capitol Hill hearings this week addressing concerns surrounding Facebook’s stablecoin Lira. Mnuchin cautioned the audience that Facebook, and any other crypto creator, must adhere to the high standards of KYC and… Read More

July 15, 2019 @ 7:26 pm By Cali Haan  |  

US Treasury Secretary Steven Mnuchin called a surprise press conference this afternoon in Washington DC to state that Facebook and all other providers of “digital financial services” must observe the same financial integrity regimes as banks. Mnuchin called illicit use of cryptocurrencies “a national security issue”… Read More

June 24, 2019 @ 10:20 am By JD Alois  |  

Last week, FATF President Marshall Billingslea of the US, chaired the Plenary meeting under the U.S. Presidency in Orlando.  US Secretary of Treasury Steven T. Mnuchin was on hand to provide remarks on the accomplishments of the group. As part of his speech at the… Read More

July 31, 2018 @ 12:26 pm By JD Alois  |  

The US Department of the Treasury has published its long anticipated report on Fintech. This is the fourth in a series of reports emanating from Treasury that address emerging innovations in finance. Secretary Steven T. Mnuchin commented on the reports release stating “American innovation is… Read More

July 11, 2018 @ 11:18 am By JD Alois  |  

Steven Mnuchin, the US Secretary of the Treasury, will testify before the House Financial Services Committee tomorrow (July 12) at 10AM ET. According to the Committee memo, Mnuchin may be expected to discuss: any progress made in reforming the International Monetary Fund (IMF) the status… Read More

March 22, 2018 @ 12:02 am By JD Alois  |  

This week, the White House issued an executive order that banned any US citizens or entities from participating in the Venezuelan Petro Coin. The creation of the cryptocurrency based off of Venezuelan oil was a response to the economic crises that has been brought upon… Read More

January 23, 2018 @ 10:36 pm By JD Alois  |  

Several days ago, Senator Marco Rubio and Senator Robert Menendez published a letter directed to the US Secretary of the Treasury Steven Mnuchin demanding to know what the US government was doing to foil attempts by rogue nations in leveraging cryptocurrencies to skirt imposed sanctions…. Read More

January 17, 2018 @ 1:52 pm By JD Alois  |  

This should come as no surprise but the US Department of Treasury, Financial Stability Oversight Council (FSOC), has established a working group to address the emergence of cryptocurrencies such as Bitcoin, Ethereum, Ripple and more. The announcement came on the heels of a meeting of… Read More

October 8, 2017 @ 6:35 am By JD Alois  |  

The US Department of Treasury has published a report on ways the government may streamline and reduce burdens of capital markets regulation. The report is an interesting compendium of the pressing need to reduce regulatory hurdles while pointing to policy initiatives that can improve access… Read More