US Secretary of State, Michael Pompeo has said that cryptocurrencies should be regulated like all other forms of payment in the last 24 hours. In an interview on CNBC’s Squawk Box, he said “We should use the same framework that we use to regulate all other electronic financial transactions. That’s essentially what these are. These are monies moving through markets, or in some case disintermediated transactions” When asked about Libra and other cryptocurrencies the US Secretary of State looked sheepish. The main issue he seemed to have with cryptos is the decentralised nature of the transactions. He did conceded it may take some time to fix this adding if it continued “It would decrease the security for the world if that’s the direction we travel.”. One of the main comments noted was “We need to preserve a financial system – a global financial system – that protects that.” as it seems clear that losing control is not an option. “The risk with anonymous transactions is one that we all know well. We know this from 9/11 and terror activity that took place in the 15 years preceding that, where we didn’t have good tracking; we didn’t have the capacity to understand money flows and who was moving money,” Fear-mongering seems to be the way forward for the US Secretary of State. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US CBO: Real GDP growth to slow to 2.3% in FY 2019 vs. 2.5% in 2018 FX Street 4 years US Secretary of State, Michael Pompeo has said that cryptocurrencies should be regulated like all other forms of payment in the last 24 hours. In an interview on CNBC's Squawk Box, he said "We should use the same framework that we use to regulate all other electronic financial transactions. That's essentially what these are. These are monies moving through markets, or in some case disintermediated transactions" When asked about Libra and other cryptocurrencies the US Secretary of State looked sheepish. The main issue he seemed to have with cryptos is the decentralised nature of the transactions. He did… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
