MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
yellen
Search

Treasury Nominee Yellen Is Looking To Curtail Use of Cryptocurrency

Thursday January 21, 2021. 04:30 AM , from Slashdot
An anonymous reader quotes a report from Ars Technica: Cryptocurrencies could come under renewed regulatory scrutiny over the next four years if Janet Yellen, Joe Biden's pick to lead the Treasury Department, gets her way. During Yellen's Tuesday confirmation hearing before the Senate Finance Committee, Sen. Maggie Hassan (D-N.H.) asked Yellen about the use of cryptocurrency by terrorists and other criminals. 'Cryptocurrencies are a particular concern,' Yellen responded. 'I think many are used -- at least in a transactions sense -- mainly for illicit financing.' She said she wanted to 'examine ways in which we can curtail their use and make sure that [money laundering] doesn't occur through those channels.'

Read more of this story at Slashdot.
rss.slashdot.org/~r/Slashdot/slashdot/~3/yNJ_tjXTlu0/treasury-nominee-yellen-is-looking-to-curtail-u...
News copyright owned by their original publishers | Copyright © 2004 - 2024 Zicos / 440Network
Current Date
Mar, Fri 29 - 15:31 CET