Alva Review-Courier -

Treasury chief: Facebook currency plan ripe for illicit use

 


WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism.

Treasury Secretary Steven Mnuchin expressed "very serious concerns" about the currency proposed by the social network giant, to be called Libra. "This is indeed a national security issue," Mnuchin told reporters at the White House.

His comments came a few days after President Donald Trump tweeted that Libra "will have lit...



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