Treasury chief: Facebook currency plan ripe for illicit use

By Marcy Gordon, The Associated Press
The Trump administration came out strongly Monday against Facebook’s ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism.
Treasury Secretary Steven Mnuchin expressed “very serious concerns” about the currency proposed by the social network giant, to be called Libra. “This is indeed a national security iss