TagU.S. Treasury Department

Iranian Official Believes Blockchain Can Drive Economic Growth

According to an Iranian official, the integration of blockchain technology and cryptocurrencies could provide a much-needed boost to the country’s economy, per reports on the Tehran Times. Alireza Daliri, a Deputy for Management Development and Resources at the Vice Presidency for Science and Technology, stated that blockchain technology could provide Iran with a platform to coordinate with her...

NY BitLicense Chief Clashes with U.S. Treasury over Fintech Banking Charters

nydfs bitlicense

The New York State Department of Financial Services (DFS) has stated its opposition  to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters, according to a statement on its website by Maria T. Vullo, DFS superintendent and overseer for the state's BitLicense regime. The New York DFS...

US Treasury Secretary Munchin Likens Bitcoin to Offshore Swiss Bank Account

Steven Mnuchin Bitcoin

US Treasury Secretary Steven Mnuchin is making headlines again, but not for him and his wife Louise Linton's James Bond-like lifestyle. This time, Mnuchin has issued a warning that bitcoin has all the makings of the next 'Swiss Bank Account,' expressing concerns that are twofold -- bitcoin could be treated as an offshore account for money laundering and the rise of the cryptocurrency places...

Obama’s Economic Policy Advisors Strategizes With Fintech Industry Players

White House Fintech

President Barack Obama’s economic policy staff recently met with stakeholders across the fintech ecosystem to discuss how fintech can support economic policy, Adrienne Harris, special assistant to the President of economic policy, noted in a White House blog. The attendees included policy makers, fintech startups and investors. The meeting addressed cybersecurity, ways to manage small business...