Treasury Secretary Won’t Let Crypto Become Next Swiss Bank Accounts

By CCN Markets: U.S. Treasury Secretary Steven Mnuchin said that the G7’s Financial Action Task Force (FATF) organization will never let crypto assets “become the equivalent of secret numbered accounts.” Mnuchin was addressing a plenary session of the G7 initiative aimed at combating money laundering and terrorism financing. The U.S. Treasury Secretary was referring to secretive bank accounts commonly offered in Switzerland as well as other offshore financial hubs where the identity of the account holder is kept secret and a client is only identified by a code word. Mnuchin…

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Fed Chairman Has No Plans to Meet Donald Trump

Jerome Powell, Chairman of the Federal Reserve, has said that he would not resign even if President Donald Trump asked. In the past few months, president Trump has repeatedly criticized Powell and the Federal Reserve for continuing with their tightened monetary policy. He went as far as saying in a Fox Business interview that the The post Fed Chairman Has No Plans to Meet Donald Trump appeared first on CCN

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