US Treasury Department Secretary Steven Mnuchin announced that his department is conducting an investigation on the illegal applications of the leading cryptocurrency Bitcoin. He claimed that the probe is intended to ensure that the digital currency is not utilized for “unlawful purposes.”
During an interview with Yahoo Finance as of early November 2017, the secretary claimed that the alleged illicit use of Bitcoin should be reviewed “very carefully” to make sure that the dark web is not financed in Bitcoin.
“So we want to make sure that you don’t have the dark web funded in Bitcoins. And that’s something that is a concern of ours today.”
Actions by the agency on cryptocurrencies
Earlier, the Treasury department announced a plan to assess the digital currency practices of the US Financial Crimes Enforcement Network (FinCEN)…