US Treasury has ‘serious concerns’ over Facebook’s Libra

Last month the
Libra Association, a consortium of 28 businesses,
including a Facebook subsidiary, announced that it
is developing a cryptocurrency called the Libra. The Treasury Department has
expressed very serious concerns that Libra could be
misused by money launderers and terrorist financiers. Cryptocurrencies
such as Bitcoin have been exploited to
support billions of dollars of illicit
activity, like cybercrime, tax evasion, extortion,
ransomware, illicit drugs, human trafficking. Many players have attempted to
use cryptocurrencies to fund their malign behaviour. This is indeed a
national security issue. The United States has
been at the forefront of regulating entities that
provide cryptocurrency. We will not allow digital
assets service providers to operate in the
shadows, and will not tolerate the use of
the cryptocurrencies in support of
illicit activities.

52 thoughts on “US Treasury has ‘serious concerns’ over Facebook’s Libra”

  1. What is the big deal in using cryptocurrency?.. you can regulate Facebook as a bank? as china does for WePay?.. saying they could be used by drug traffickers and terrorists is a secondary reason.. here is my take👇👇👇
    this is not the true reason.. he is rightfully worried that Cryptocurrencies will undermine US global hegemony that it enforces… through the use of the dollar as a hard currency going through its banking system..
    circumventing the US markets and banking system.. will undermine its global hegemony over night
    guys..after we got our nose bloodied in Iraq.. the US is reluctant from deploying its military power.. and will rely primarily on its global financial hegemony to deter who might challenge it… the trade wars with friends and foes are good example… what is happening with iran and north Korea is another

    btw.. the same fear is applicable for banning Huawei… the USA wanna control the telecommunication systems.. look up the PRISM project on Wikipedia

  2. President Donald Trump's Loyalty is uncertain among National Security Officials.

    Trump has had three wives, stole his grandmother's company and cheated his sister out of most of her inheritance.

    He gas no loyalty to NATO and is a draft-dodger.

  3. We are so lucky to have the dollar which is pure and is never associated with criminal activity. We should be so lucky. Cheers to the pure dollar! :/ Makes you wonder if hes hiding truth behind political garble?

  4. Easy They just can't see who buys and sells and are just butthurt they are not in the loop both by the paper and financially.

  5. A racist, an adulterer, and a criminal walk into a bar…

    The bartender asks, "What can I get you Mr. President?".

  6. Trump walks into a bar in Cork, in Ireland, and asks the barman: "What's the quickest way to get to Dublin?" "Are you walking or driving?" asks the barman. "Driving," says Trump. "That's the quickest way," says the barman.

  7. So on one hand, Facebook is an evil, soulless corporation that I don't want controlling our currency.

    But on the other hand, the US Treasury Department is an evil, soulless institution that I don't want controlling our currency.

  8. So far the scammers have 2 trolls here. All cryptocurrencies are just open invitations to rob people. They are developed hoping there are even more stupid people out there than it seems possible. Oh and BTW, I'm selling billion dollar bills. How many for you? FB as a trusted source to risk your earnings on? Yeah. Sure. When have they ever fucked with us?

  9. I'm a strong capitalist who believes in privatization of industries. But I don't think companies should regulate/ control currencies.

  10. Central banks want to control the world via their currency and,make us their slaves. They don't want to lose control to facebook as 1/3 of people around the world have facebook accounts.

  11. we let buttmunchin walk around free right…whats his beef? is it that he isn't making money from it?

  12. What happened to capitalism.?? To allowing big businesses do whatever they want by removing regulations???

    People really think 22 Trillion Dollars, well 73 Trillion with intrest, is going to be paid off?

  14. Imagine Mnuchin worried about rules or legalities after he refused to cooperate with Congressional subpoenas. He isn’t fooling anyone.

  15. Soooooooo that's really why the government fined Facebook 5 billion for privacy being breached!!! They don't want Facebook to delegitimize them sweet sweet US oil dollars. We see you, Trump. We see you.

  16. You all are missing the big point here. It's like Republicans vs Democrats. Crypto vs. Fed Res. Hegelian dialect. It's all one in the same & the tug o war is about creating one system. NWO. One world currency. Mark of the beast. Whatever you want to call it. It's never a conflict with them unless it threatens their control or pocketbooks. And "they" created libra as they are Facebook. One in the same.

  17. EVERYBODY Libra is the antichrist global currency mark of the beast !! it will bring in the rfid chip mark of the beast! read the book of revelation in the Bible !! Rev:13 NEVER use Libra or Calibra !!and NEVER take the rfid chip! or you will go to hell, that is God's word!

  18. Hey guys, bring on our civil war. Are you ready? I am, see you on the streets =) Make sure you have really accurate weaponry.

  19. The Idea of Facebook supporting terrorist is to have ANTIFA and the naked gays terrorizing the working class. The Muslims terrorizing the working class as well and try and tell the population what you want them to think VS actually reading the Quran for example “religion of peace” is the government telling the Muslims might be contained in the Quran if the might read it. Otherwise the Muslims are good for terrorizing the local population keeping them dependent and paying for protection the will never get.

  20. Why not nationalize this Libra once it gets going? Then it serves the national interest, the empire, instead of creating a Facebook currency fiefdom. One has to understand, if it is not done by U.S. interests, it WILL be done by the Chinese.

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