U.S. Treasury Secretary: Does not object to Facebook creating digital currency, but needs to fully comply with bank secrecy and anti-money laundering regulations

US Treasury Secretary Mnuchin said that if Facebook wants to create a digital currency, I have no problem with that, but they need to fully comply with bank confidentiality and anti-money laundering regulations. And it must not be used to finance terrorism. Earlier news, Mnuchin said that he has held several meetings with Facebook due to regulatory concerns, which has slowed the company's progress in this area.