Tag Archives: Mnuchin

The Treasury Department is looking to apply the same rules to cryptocurrency that they do to standard fiat transactions.Treasury Department Seeks to Limit Non-Hosted Wallet ActivityThe idea is to gather more information regarding the identities of those who engage in large crypto transfers and thereby potentially identify criminals and lawbreakers. Specifically, the Treasury Department is looking to potentially uncover the identities of those who may possess wallets that are not hosted by...

Members of Congress are urging Treasury Secretary Steven Mnuchin to use the blockchain to send out Americans’ stimulus payments.Will Blockchain Empower the U.S.?The request is coming a little late considering about 80 million people have already gotten their stimulus money by direct deposit. In addition, several other checks are already in the mail and making their way to recipients’ homes. That said, it’s an interesting notion that the U.S. Congress is becoming so “blockchain focused.”It was...