Growing misuse of the currencies via money launderers, terrorist financiers and other bad players. This week representatives of the project will go to capitol hill to discuss the proposal for a crypto currency. At the Treasury Department across the u. S. Government with the International Financial community, theres been a great deal of activity recently related to the regulation and treatment of Digital Assets in crypto currency. Id like to give some brief explanatory remarks about what we have been doin been giving bt since theres lots of interest and then i will open up questions. Last month the association, a consortium of 28 businesses including a facebook subsidiary announced it is developing a crypto currency. The Treasury Department has expressed very serious concerns that libra could be misused by money launderers or terrorist financiers. Crypto currency have been exploited to support billions of dollars of Illicit Activity like cybercrime, tax evasion, extortion, ran somewhere
Recently as you know theres been a great deal of interest about Digital Assets including crypto currency such as that claim and libra. There are many regulatory and supervisory question regarding Virtual Assets and Virtual Currencies but i will focus narrowly on the concerns the treasury has regarding the growing misuse of the currencies via money launderers, terrorist financiers and other bad players. This week representatives of the project will go to capitol hill to discuss the proposal for a crypto currency. At the Treasury Department across the u. S. Government with the International Financial community, theres been a great deal of activity recently related to the regulation and treatment of Digital Assets in crypto currency. Id like to give some brief explanatory remarks about what we have been doin been giving bt since theres lots of interest and then i will open up questions. Last month the association, a consortium of 28 businesses including a facebook subsidiary announced it
Community there has been a great deal of activity recently related to the regulation and the treatment of Digital Assets with crypto currencies. I would like to give some brief explanatory remarks about what we have been doing on this front since there is a lot of interest and then i will open up to questions. Last month a consortium of 28 businesses including a facebook subsidiary is developing a crypto currency for go the Treasury Department has expressed very serious concerns it could be used by many launderers and terrorist. Crypto currencies such as bitcoin has been exploited for illegal activity from cybercrime or tax evasion, extortion, ran somewhere, illicit drugs, Human Trafficking those that attempt to use crypto currency defined maligned behavior and this is a National Security issue. The United States has been at the forefront of regulating entities that provide crypto currency. We will not allow Digital Assets to operate in the shadows to tolerate the use of the crypto cur
Percent. European a equities, big story was the big rise in the euro last week. And green across the board and there the euro i know you watch it closely. I had in my plans and forecast for 2017 that the dollar was going to get stronger forever and hurt exports and Everything Else and i need to recalibrate. Dollar down by 5. 6 lead story in the journal. And taking a check on crude oil that must mean that crude is at about 100, right . No, wait you would think it is soenl easonally strong su period also. I left at about 2. 15 and its back exactly a staggering move in the ten year last week so something happened every central bank said get ready. So you have 15 basis points on on the ten year. I dont believe the bermuda central banker said that is that the 13th branch of the fed . Right my biggest concern is i cant believe the ocean can be so clear and so aqua and the beaches so incredible. Yeah so im trying to deal this morning. Some of these things are important i think, but not everyt
European banks got hammered. The euro stocks down, and that spread over to the u. S. Year, could not recover data at 1 across the board. Joe at one point, it looked back, butuld bounce it was a brutal day for emerging markets. Everywhere you look, wiping of the gains we saw yesterday. Alix utilities may be a little bit in the green. Highlight a couple stocks, one is apple. Did not participate in the sellouts today, reversing its downtrend. The best again in five weeks, quite a reversal since earnings last week. I did want to put the rally into perspective. 250take apple versus its day average, that is a bananas chart. Much lower it is then all those averages, and how quickly it got there. Joe a nightmare. Alix there you go, the title for that. And twitter, another record low for the stocks. Talk about earnings slumps. Hitting a another record low today, now down 20 , over 20 since it reported earnings. Is unbelievable, that that is a five day chart. With the risk sentiment we saw in eq