You are here

Treasury's Mnuchin says there's no need for a digital dollar

Section: Daily Dispatches

By Kasia Klimasinska and Saleha Mohsin
Bloomberg News
Friday, January 12, 2018

So much for a digital dollar any time soon.

U.S. Treasury Secretary Steven Mnuchin said he spoke to the Federal Reserve about cryptocurrencies, and the Financial Stability Oversight Council has set up a working group on it.

He and the Fed don't see a need to issue a digital currency, Mnuchin said today in Washington.

While there is a growing clamor for regulation of the estimated $700 billion cryptocurrency market, Mnuchin said there are U.S. laws allowing for the tracking of cryptocurrencies and bitcoin activities. ...

... For the remainder of the report:


Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 21-22, 2018
Vancouver Convention Centre West
Vancouver, British Columbia, Canada

GATA Reception
Lions Pub
888 West Cordova St., Vancouver, British Columbia, Canada
5-7 p.m. Monday, January 22, 2018

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: