«No Control»: White House Denied Rumors On Possible Regulations

February 19, 2018

The White House official has declared on Friday, legislation on cryptocurrencies is unlikely to be realized in the near future.

In the course of the conversation with CNBC at the Munich Security Conference, Rob Joyce, the White House cybersecurity coordinator and special assistant to the president, offered a tough assessment provided recent discussion on cryptocurrency regulation among Senate hearings, law enforcement and public bodies.

“I think we're still absolutely studying and understanding what the good ideas and bad ideas in that space are. So I don't think it's close», Joyce said.

Joining the comments voiced earlier by the US Secretary of Treasury Steven Mnuchin, Joyce noted, his concern is about Bitcoin being used for criminal purposes.

A representative of the US Treasury has also called for international community to help in struggle against cyber security threats having claimed that globally concerted efforts are the only way to avert “rogue regimes” and illegal use of cryptocurrency.

World leaders mostly approve of this with Christine Lagarde from International Monetary Fund among them. In the recent interview she used to say that IMF is trying hard to prevent illicit use of cryptocurrencies and supports the idea of globally orchestrated regulation.

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