US Treasury Chief Yellen Says Cryptocurrencies 'Growing Problem'
Faizan Hashmi Published February 11, 2021 | 05:40 AM
WASHINGTON (UrduPoint News / Sputnik - 11th February, 2021) US Treasury Secretary Janet Yellen during a roundtable discussion said the misuse of cryptocurrencies for criminal activity and terrorism is a growing issue.
"The misuse of cryptocurrencies and virtual assets is a growing problem, too," Yellen said on Wednesday.
"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism."
Earlier this week, the price of Bitcoin hit a record high on news that Tesla invested $1.5 billion in the digital Currency.
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