THELOGICALINDIAN - US Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and added cryptocurrencies are not acclimated for adulterous costs In accession she stresses the accent of acclimation institutions that accord with bitcoin
Janet Yellen Claims It’s Important to Make Sure Bitcoin Is Not Used for Illicit Financing
U.S. Treasury Secretary Janet Yellen answered some questions apropos bitcoin and cryptocurrency adjustment in an account with CNBC Thursday.
Yellen said she considers bitcoin a “highly abstract asset,” emphasizing its aerial levels of animation in contempo years. Responding to a catechism about whether bitcoin and cryptocurrencies charge to be regulated, the treasury secretary said:
The amount of bitcoin hit an best aerial afresh Friday, blame its bazaar assets above $1 trillion. At the time of writing, the BTC amount stands at $54,757.
This is not the aboriginal time Yellen has talked about cryptocurrencies fuelling adulterous transactions. At her Senate acceptance audition in January, she said: “Cryptocurrencies are a accurate concern. I anticipate abounding are acclimated … mainly for adulterous financing.” She after antiseptic her position and promised to assignment with added federal regulators to apparatus “effective” crypto regulation. Then aftermost week, she said the misuse of cryptocurrencies “is a growing problem,” bombastic that they “have been acclimated to acquit the profits of online biologic traffickers” and accept “been a apparatus to accounts terrorism.”
Commenting on Yellen’s animadversion about bitcoin on Thursday, Rich Dad Poor Dad columnist Robert Kiyosaki wrote:
A growing cardinal of ample corporations acquire accepted bitcoin. The cryptocurrency afresh got a massive accession back Elon Musk’s electric car company, Tesla, appear that it had purchased $1.5 billion of BTC and will anon acquire the cryptocurrency as a agency of acquittal for its products. Mastercard additionally appear that it will acquiesce assertive cryptocurrencies on its network, and the nation’s oldest bank, BNY Mellon, apparent a crypto assemblage to accommodate bitcoin services. In addition, the U.S. burghal of Miami is aggravating to become a bitcoin hub.
Meanwhile, the pro-bitcoin U.S. Agent from Wyoming, Cynthia Lummis, is on a mission to convincing Yellen that bitcoin is a abundant abundance of value. Lummis said she met with Yellen and believes that she has an accessible apperception on this subject. However, the agent still believes that it will booty some time to argue the treasury secretary.
What do you anticipate about Yellen’s bitcoin remarks? Let us apperceive in the comments area below.
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