Janet Yellen calls for improved cryptocurrency rules – The National
- Date: 08-Apr-2022
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Janet Yellen calls for improved cryptocurrency rules – The National
US Treasury Secretary Janet Yellen on Thursday called for increased oversight of cryptocurrencies, after President Joe Biden last month green-lit work on creating a digital American dollar.
Digital currencies such as bitcoin and ethereum have seen explosive growth in recent years, even as American officials have expressed concerns over whether the assets are properly regulated, or could be used for criminal activity.
In a speech at American University in Washington, Ms Yellen said better regulations on such assets would protect consumers while still allowing for innovation.
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