TikTok cannot stay in current format in US: Treasury Secy Steven Mnuchin

Mnuchin said he has spoken to several top American lawmakers and all agree that 'there has to be a change'

Treasury Secretary Steven Mnuchin on Sunday said TikTok, the Chinese-owned video app, cannot stay in the current format in the US as it "risks sending back information on 100 million Americans".

His comments came two days after President Donald Trump on Friday said he will act to ban TikTok in the US, amidst reports of American technology giant Microsoft being in advanced talks to acquire the popular video sharing platform.

"I've said publicly that it's under review. I will say publicly that the entire committee agrees that TikTok cannot stay in the current format because it risks sending back information on