Treasury Secretary Steven Mnuchin called cryptocurrencies a “national security issue” that threatens to enable drug dealers, human traffickers, and terrorists during a press conference Monday.
Plans to create an international regulatory framework for cryptocurrencies like Bitcoin moved one step closer to reality at the G20 Leaders Summit in Argentina this past weekend. The leaders of 19 of the advanced and developing nations with the world’s largest economies, plus the European Union, met to discuss economic issues ranging from the U.S.-China trade war to climate change. Founded in 1999, the G20 is a forum for member-state’s leaders and central bank governors intended to promote international financial stability. Among the issues addressed in the G20 Leaders’ declaration announced on Sunday is a commitment to regulate cryptocurrencies as part of its goal of creating “an open and resilient…