Advertisement
Share this article

The Problem With Money Is 'Too Much Privacy,' Says Ex-US Treasury Secretary Summers

Former U.S. Treasury Secretary Larry Summers said there may be “too much privacy” associated with government-issued cash, noting the prevalence of money laundering and its widespread use for storing and moving the proceeds from corruption.

Former U.S. Treasury Secretary Lawrence Summers speaks during Consensus: Distributed.
Former U.S. Treasury Secretary Lawrence Summers speaks during Consensus: Distributed.