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Former USA Treasury Secretary Mnuchin's Attitude On Bitcoin Reversal: There Is No Difference Between Buying Bitcoin And Gold

發布者: Guangdong Aucas Network Technology Co Ltd    /     2021-07-20   /     1495   /  

Former US Treasury Secretary Steven Mnuchin has changed his mind on Bitcoin. He has previously criticized Bitcoin as having no value. However, in an interview last week, Mnuchin said that buying Bitcoin was no different than buying gold or other assets.

Mnuchin also said: "I think the underlying technology of blockchain (Bitcoin) is pretty incredible, there are a lot of different things, especially in the fintech and finance space.

Mnuchin added that while he does not plan to invest in Bitcoin for the time being, he is not opposed to others doing so. "I personally don't want to add to my portfolio, but if people want to do that, that's fine," he said.



Although his views on Bitcoin have softened, Mnuchin is still concerned about bad players laundering money with digital currencies.

Mnuchin has promised very strict regulation during his tenure as Treasury secretary, including proposals to crack down on anonymous wallets and increase know-it-customer requirements. In an interview last week, he reiterated that Bitcoin must have a full BSA and regulations. Short for the Bank Secrecy Act, the BSA Act was introduced in the 1970s to curb money laundering. The BSA requires U.S. cryptocurrency exchanges to register as money service businesses and meet certain requirements.

With the decentralization of various policies, it is currently unrealistic to mine in the country, and it is necessary to "flip over the wall" to carry out virtual currency transactions, which requires faster and stronger network equipment support, because the operation delay of one second, may be tens of thousands or even hundreds of thousands of losses.

Regarding network equipment, Aucas Technology has a line continuation (from network cable to optical cable to data center), and has established a one-stop marketing and after-sales service operation system in China. Aucas has passed ISO9001(2008) quality management system certification. Developed more than 6 kinds of systems of UTPCat.6A shielded cabling system to meet the needs of big data centers, and passed the quality inspection certification of a number of inspection agencies, in the United States, Europe, Malaysia, Switzerland, Germany, the Middle East, South Africa and other countries set up their own brand liaison offices and sales offices, in more than 30 countries and regions to provide OEM services. Provide global products and services.


Aucas Technology is a high-tech enterprise integrating the independent development, design, production and sales of copper cable wiring, optical cable wiring, intelligent electronic wiring frame solution, data center MTP/MPO high-density solution, data center cold channel solution, eight kinds of copper cable solutions, security cable and intelligent management wiring system platform. The company is oriented to the pursuit of user needs, and provides customers with attractive products of Aucas. Aucas cabling provide four colors convenient!




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