U.S. Treasury Secretary: U.S. financial crime enforcement network will announce new requirements related to cryptocurrencies

According to The Block, US Treasury Secretary Steven Mnuchin told Congress on Wednesday that the US Financial Crimes Enforcement Network (FinCEN) will announce new requirements related to cryptocurrencies. Mnuchin provided few details in his speech, but pointed out: "Especially on cryptocurrencies, we spend a lot of time, whether on an inter-agency basis or dealing with regulators." But he No specific timing was disclosed. He added: "We want to ensure that the technology moves forward, but on the other hand we also want to ensure that cryptocurrencies are not used on old Swiss password bank accounts."