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A group of top federal regulators has set up a group to study Bitcoin and other cryptocurrencies, Treasury Secretary Steven Mnuchin said Friday.
Speaking at an event in downtown Washington, Mnuchin said the super-group of financial regulators that he chairs, the Financial Stability Oversight Council, has set up a working group on cryptocurrencies. The council comprises the heads of all the major agencies and is empowered to impose regulations on non-bank businesses and industries.
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"We’re very focused on cybercurrencies," Mnuchin said, suggesting the group would examine the potential for speculation on cryptocurrencies to hurt consumers and for the digital currencies to...
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