Biden’s US Treasury Secretary nominee raises concerns over crypto terrorism financing

posted 9 months ago
Speaking during her virtual confirmation hearing before the U.S. Senate, Janet Yellen — President-elect Joe Biden’s nominee for the Treasury Department — identified cryptos as a concern in terms of terrorist financing and money laundering.

Doubling down on her anti-crypto rhetoric, Yellen remarked “I think many [cryptocurrencies] are used, at least in transactions sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn’t occur through those channels.”
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