Treasury Secretary scores the final blow against Bitcoin and Facebook’s Libra

A week after President Trump publicly lashed out on Bitcoin and its subsequent rival Libra, it is now the Treasury Secretary’s turn to express his disapproval. Steven Mnuchin, currently serving in Trump’s Cabinet, held an unanticipated press conference from White House to speak about the alarming threats that come with the acceptance of virtual currencies. The US government is hellbent on its stance against the adoption of cryptocurrencies or any services related to it. He remarked that besides their vulnerability to money laundering, they can also serve as a means of financing terrorist groups, given the degree of autonomy. Emphasizes