US will not ban cryptocurrencies, SEC chief says – The National
- Date: 06-Oct-2021
- Source: The National
- Sector:Financial Markets
- Country:Middle East
US will not ban cryptocurrencies, SEC chief says – The National
The US Securities and Exchange Commission chairman Gary Gensler has had numerous dust-ups with cryptocurrency companies but even he says the US won’t follow China’s lead in banning digital tokens.
Mr Gensler said on Tuesday that the government’s focus is on ensuring that the industry follows investor and consumer protection rules, anti-money laundering regulations and tax laws.
He made the comments at a House hearing after a Republican politician asked whether a China-like prohibition was on the table in the US.
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