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Treasury chief: Facebook currency plan ripe for illicit use

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Treasury chief: Facebook currency plan ripe for illicit use
News

News

Treasury chief: Facebook currency plan ripe for illicit use

2019-07-16 03:00 Last Updated At:03:10

Treasury Secretary Steven Mnuchin says the Trump administration has "very serious concerns" that the new digital currency planned by Facebook could be used for illicit activity such as money laundering, human trafficking and financing terrorism.

Mnuchin told reporters Monday at the White House: "This is indeed a national security issue." His comments came a few days after President Donald Trump tweeted that Libra (LEE'-bruh), the currency proposed by the social network giant, "will have little standing or dependability."

Mnuchin says Facebook has "a lot of work to do before we get to the point where we're comfortable with it."

Treasury Secretary Steve Mnuchin takes questions as he speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

Treasury Secretary Steve Mnuchin takes questions as he speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

His remarks came a day before Congress begins hearings on Facebook's Libra plan. The head of the Federal Reserve also raised an alarm about the plan last week.

Treasury Secretary Steve Mnuchin takes questions as he speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

Treasury Secretary Steve Mnuchin takes questions as he speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP PhotoCarolyn Kaster)

LUTON, England (AP) — Tom Lockyer, the Premier League player who suffered an onfield cardiac arrest earlier this season, says he is “at peace” with the prospect of having to retire from the sport.

The Luton captain had a defibrillator fitted after collapsing during a game against Bournemouth in December. He had previously collapsed seven months earlier during a game at Wembley Stadium because he suffered atrial fibrillation.

The 29-year-old Lockyer, who recently became a father for the first time, has not given up hope of resuming his playing career. But he accepts that may not be possible.

“I’ve made no secret saying I would love to return to football, but ultimately it would have to come down to someone who’s a cardiologist or a specialist who has done full research into what has gone on and if it could happen again, because we’ve got a little girl now and she takes priority,” Lockyer told BBC Radio Wales.

“I would love to play football again, of course I would, it’s my life but if it’s the case that I can’t, then I’m at peace with that as well."

AP soccer: https://apnews.com/hub/soccer

Luton Town's Tom Lockyer, centre, and team-mate Elijah Adebayo applaud the fans following the Premier League match between Wolverhampton Wanderers and Luton Town at Molineux Stadium, Wolverhampton, England, Saturday April 27, 2024. Tom Lockyer, the Premier League player who suffered an onfield cardiac arrest earlier this season, says he is “at peace” if he is forced to retired from the sport. (Nick Potts/PA via AP)

Luton Town's Tom Lockyer, centre, and team-mate Elijah Adebayo applaud the fans following the Premier League match between Wolverhampton Wanderers and Luton Town at Molineux Stadium, Wolverhampton, England, Saturday April 27, 2024. Tom Lockyer, the Premier League player who suffered an onfield cardiac arrest earlier this season, says he is “at peace” if he is forced to retired from the sport. (Nick Potts/PA via AP)

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