U.S. Treasury Secretary: no objection to the issuance of digital currencies by Facebook
According to ChainNews, US Treasury Secretary Steven Mnuchin said at a hearing of the House Financial Services Committee that he had discussed digital currency with Federal Reserve Chairman Jeroime Powell, and they both believed that the Federal Reserve did not need to issue digital currency within 5 years. At the same time, there is no objection to the issuance of digital currencies by Facebook. Mnuchin said he and Fed Chairman Jeroime Powell agreed that the Fed will not need to issue digital currency in five years. Mnuchin said that if Facebook wants to create a digital currency, he has no opinion on it, but the digital currency needs to fully comply with bank secrecy and anti-money laundering regulations and must not be used to finance terrorism.
