The representative of the U.S. Treasury called cryptocurrency threat

Deputy Secretary of the Treasury responsible for anti-financial crime Seagal Mandelker, at the meeting of the Senate banking Committee of the U.S. Congress, called cryptocurrency «the evolving threat».

According to her, the Finance Ministry is being Pro-active in the fight against emerging threats, which include digital currency.

«We are leading international efforts to reduce risks of illegal funding of promising technologies, such as using seven virtual currencies. We act as a regulatory body for this new industry,» said Mandelker.

The Deputy Minister emphasized that today, the United States, Japan and Australia are among the few countries governing the exchange and payments involving virtual currencies, particularly decentralised convertible virtual currency. According to her, the Agency collects information about hundreds of cryptocurrency sites for the purpose of suppressing the financing of illegal activities.

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