Biden Treasury Pick Calls Cryptocurrency a “Particular Concern”

Janet Yellen, the expected Treasury Department lead for the Biden Administration, said that cryptocurrencies are “mainly for illicit financing” and described them as a “particular concern.”
During Yellen’s testimony at a congressional hearing, someone held up a ‘Buy Bitcoin’ sign
In response to a question about the use of cryptocurrencies by criminals and terrorists, Yellen said, “I think many [cryptocurrencies] are used, at least in a transaction sense, mainly for illicit financing and I think we need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels.Read More