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Treasury: All cryptocurrencies must meet US rules

Though Facebook's libra and other cryptocurrencies might be based outside the US, they must comply with US rules that combat money laundering, says Sigal Mandelker, undersecretary of terrorism and financial intelligence at the Treasury Department. "Whether it's bitcoin, ethereum, libra, our message is the same to all of these companies: Anti-money laundering and combating the financing of terrorism has to be built into your design from the get-go," Mandelker says.

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