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MONEY & ORGANIZATION:
Yellen says Treasury will fight misuse of cryptocurrencies, foster innovation
SUBMIT IMAGE: Former Federal Reserve Chairman Janet Yellen speaks throughout a panel conversation at the American Economic Association/Allied Social Science Association (ASSA) 2019 conference in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry
February 11, 2021
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday cautioned about an “explosion of risk” associated to digital markets, consisting of the misuse of cryptocurrencies, however stated brand-new monetary innovations might assist fight criminal offense and minimize inequality.
In remarks to a monetary sector innovation roundtable, Yellen stated that cryptocurrencies have actually been utilized to wash the earnings of online drug traffickers and to fund terrorism.
However she stated innovation in the sector might assist deal with these issues and minimize digital spaces dividing the nation.
“Innovation should not just be a shield to protect against bad actors. Innovation should also be a ladder to help more people climb to a higher quality of life,” she stated.
(Reporting by David Lawder and Andrea Shalal; Modifying by Sam Holmes)
SUBMIT IMAGE: Former Federal Reserve Chairman Janet Yellen speaks throughout a panel conversation at the American Economic Association/Allied Social Science Association (ASSA) 2019 conference in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry
February 11, 2021
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday cautioned about an “explosion of risk” associated to digital markets, consisting of the misuse of cryptocurrencies, however stated brand-new monetary innovations might assist fight criminal offense and minimize inequality.
In remarks to a monetary sector innovation roundtable, Yellen stated that cryptocurrencies have actually been utilized to wash the earnings of online drug traffickers and to fund terrorism.
However she stated innovation in the sector might assist deal with these issues and minimize digital spaces dividing the nation.
“Innovation should not just be a shield to protect against bad actors. Innovation should also be a ladder to help more people climb to a higher quality of life,” she stated.
(Reporting by David Lawder and Andrea Shalal; Modifying by Sam Holmes)
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question, you know it's been at least
15 years since I've been following the news, no 10 my folks do that, hmm. what was the question again !?
where you read about this ?
of course I can, it was here
on U-S-NEWS.COM
