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US Treasury Secretary Mnuchin warned that Facebook's Libra could be a tool for terrorists, traffickers, and drug smugglers

Business Insider Tuesday, 16 July 2019
US Treasury Secretary Mnuchin warned that Facebook's Libra could be a tool for terrorists, traffickers, and drug smugglers· *US government officials fear Facebook's upcoming digital currency, Libra, could be used to fund terrorism, human trafficking, and other illegal activities.*
· *"Libra could be misused by money launderers and terrorist financiers," Treasury Secretary Steven Mnuchin said during a press conference this week.*
· *President...
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News video: Treasury Secretary Mnuchin Issues Warning about Facebook Crypto Plan

Treasury Secretary Mnuchin Issues Warning about Facebook Crypto Plan 05:34

On the eve of hearings in Washington about Facebook's digital currency project, Libra, Treasury Secretary Steven Mnuchin declared that he was "not comfortable" with it. And he warned that Libra could be used for illicit activities like cyber crime, tax evasion, extortion and drug and human...

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