Former US Treasury Secretary Steven Mnuchin has changed his mind on Bitcoin. He has previously criticized Bitcoin as having no value. However, in an interview last week, Mnuchin said that buying Bitcoin was no different than buying gold or other assets.

Mnuchin also said: "I think the underlying technology of blockchain (Bitcoin) is pretty incredible, there are a lot of different things, especially in the fintech and finance space.

Mnuchin added that while he does not plan to invest in Bitcoin for the time being, he is not opposed to others doing so. "I personally don't want to add to my portfolio, but if people want to do that, that's fine," he said.

Although his views on Bitcoin have softened, Mnuchin is still concerned about bad players laundering money with digital currencies.

Mnuchin has promised very strict regulation during his tenure as Treasury secretary, including proposals to crack down on anonymous wallets and increase know-it-customer requirements. In an interview last week, he reiterated that Bitcoin must have a full BSA and regulations. Short for the Bank Secrecy Act, the BSA Act was introduced in the 1970s to curb money laundering. The BSA requires U.S. cryptocurrency exchanges to register as money service businesses and meet certain requirements.

With the decentralization of various policies, it is currently unrealistic to mine in the country, and it is necessary to "flip over the wall" to carry out virtual currency transactions, which requires faster and stronger network equipment support, because the operation delay of one second, may be tens of thousands or even hundreds of thousands of losses.

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