Making policy for all to see. A lot has changed but today that is more relevant than ever. On television and online, cspan is your relevant provider. Treasury secretary, steve manuchy held a conference at the white house on how they will use crypt to currencies and that facebooks currencies could be used by Money Laundering. And asked about the freshman tweets by freshman lawmakers, he said he didnt find the tweets racist. This is about a half hour. Good afternoon, everybody. Thank you for being here. As you know there have been a great deal of interest about crypt to assets such as bitcoin and libra. There are many questions regarding libra, Virtual Assets and virtual currencies. I will focus primarily on the concerns the treasury has about growing misuse of cryptocurrencies by money launderers, and financiers and other bad players. Going to capital hill, going to congress about the cryptocurrency, libra. In the International Community there has been a great deal of activity recently
Good morning ladies is ultimate. Welcome to the Carnegie Endowment. My name is george and i am a Vice President for studies here at the endowment. Its my pleasure to welcome you this morning for a discussion with pakistans relatively new ambassador to the United States , asad majeed khan. While he arrived in his ambassador position in january, he has long and deep experience both in washington, working on u. S. Issues back in the ministry and most recently was serving as ambassador to japan. Before coming here. He has an outstanding sense of not only dynamics with the u. S. , but globally and him particular asian security. We are honored to have you with us. What we will do, i will ask a few questions to get the discussion started. And then we will turn it into a larger discussion. I have invited the ambassador if at any time he wants to ask you all a question or me a question, about what is going on in this very predictable rational environment in which we live in in washington, we ar
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
End up taking away some services i want to know when we start suing European Companies to get back what they steal from our companies. Every time you get a 5 billion charge against an american tech company, lets sue them back which ones . Take s. A. P. Thats the only one they got they basically legislate innovation out of their business in europe. Well dig deeper into this. Its something the markets are focused on you think election cycles end . I think well go through an intense 18 months. Get a week off. Do we get a week . This cycle it will be about bashing tech it wont be about bashing healthca healthcare youre a good outsider looking in you have great oil and gas stuff. Good miners. You will blackberry for a while. That seemed okay you had a little tech. You admire what were able to do down here. Im a huge investor down here i know. I think the biggest trade opportunity in the next five months will be taking u. S. Dollars, converting them to canadian you would have to beloony t do
With pakistans relatively new ambassador to the United States, mr. Majeed khan. When he arrived in his ambassadorial position here in january, has long and deep experience both in washington working on u. S. Issues and at the ministry in islamabad, and most recently serving as ambassador to japan, before coming here. He has an outstanding sense of not only the dynamics with the u. S. , but globally, in particular asia security. So we are honored to have you here with us, ambassador. What were going to do is, i will ask a few questions to get the discussion started, and then, we are going to turn it into another discussion turn it into a broader discussion. I have also invited. The ambassador if at anytime he wants to ask you all a question or me a question about what is going on in this very predictable, rational environment which we live and in washington that we are fair game. Everyone should understand that it is meant to be a twoway conversation. Ambassador is a diplomat and talent