{"id":46163,"date":"2021-07-15T17:27:11","date_gmt":"2021-07-15T14:27:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46163"},"modified":"2025-09-01T14:58:04","modified_gmt":"2025-09-01T11:58:04","slug":"former-us-treasury-secretary-says-buying-bitcoin-is-normal","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/former-us-treasury-secretary-says-buying-bitcoin-is-normal\/","title":{"rendered":"Former US Treasury secretary says buying Bitcoin is normal"},"content":{"rendered":"<p>Deciding to invest in or hold funds in Bitcoin is a personal choice, provided the asset is properly regulated. Former US Treasury secretary Steven Mnuchin holds this view.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\u00abIf people want to buy <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a> as a substitute, no different than buying gold or some other asset, it\u2019s fine. I don\u2019t personally want to have it in my portfolio but if people want to that\u2019s perfectly fine,\u00bb says <a href=\\\"https:\/\/twitter.com\/stevenmnuchin1?ref_src=twsrc%5Etfw\\\">@stevenmnuchin1<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/btc?src=hash&#038;ref_src=twsrc%5Etfw\\\">#btc<\/a> <a href=\\\"https:\/\/t.co\/dmyRp3SXtK\\\">pic.twitter.com\/dmyRp3SXtK<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\\\"https:\/\/twitter.com\/SquawkCNBC\/status\/1415287716976209922?ref_src=twsrc%5Etfw\\\">July 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In an appearance on CNBC, the former official said he had not personally invested in the flagship cryptocurrency. But he is not at all concerned if others have acted differently.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\&#8221;If people want to buy the first cryptocurrency as an alternative to gold, that&#8217;s normal. It&#8217;s an asset just like any other\\&#8221;<\/em>, he explained.<\/p>\n<\/blockquote>\n<p>A key point, in Mnuchin&#8217;s view, is &#8216;full compliance with regulatory requirements and the Bank Secrecy Act&#8217;. The latter is aimed at preventing financial institutions from being used to launder money.<\/p>\n<p>The former official stressed that his position has remained unchanged since 2019. At the time he assured that he would not permit turning Bitcoin into an analogue of an account at a Swiss bank offering enhanced privacy. He urged the development of \\&#8221;very, very strict rules\\&#8221;.<\/p>\n<p>The former minister mentioned the decision by the <span data-descr=\\\"Office of the Comptroller of the Currency\\\" class=\\\"old_tooltip\\\">OCC<\/span> within the Treasury to <a href=\"https:\/\/u1f987.com\/en\/news\/fincen-hires-digital-asset-policy-adviser\">create the position<\/a> of a policy advisor for digital assets.<\/p>\n<p>Follow ForkLog on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deciding to invest in or hold funds in Bitcoin is a personal choice, provided the asset is properly regulated. Former US Treasury Secretary Steven Mnuchin holds this view.<\/p>\n","protected":false},"author":1,"featured_media":46164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,36],"class_list":["post-46163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46163"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46163\/revisions"}],"predecessor-version":[{"id":46165,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46163\/revisions\/46165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46164"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}