Yesterday, Treasury Secretary Mnuchin testified that ‘We are about to roll out some significant new requirements,’ in response to a question on cryptocurrency. ‘We want to make sure that technology moves forward; on the other hand, we want to make sure cryptocurrencies aren’t used for the equivalent of old Swiss secret number banking.’ In 2019, the introduction of Facebook’s Libra Project, a cryptocurrency designed under the leadership of David Marcus, former CEO of PayPal, with the intention of providing the millions of unbanked populations around the world, sent shock waves to the leaders of nation states including ... (full story)