Janet Yellen warns of ‘explosion of risk’ from cryptocurrency markets
Treasury secretary says the US's new Anti-Money Laundering Act in December ‘could not have come at a better time’
11 February 2021 - 18:13
Washington — US treasury secretary Janet Yellen has warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality.
In remarks to a financial sector innovation roundtable on Wednesday, Yellen said such technologies could be used to stem the flow of dark money from organised crime and fight back against hackers, but also to reduce digital gaps in the US...
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