US Treasury chief warned of “growing problem” of cryptocurrencies

WASHINGTON, 11 Feb – RIA Novosti. US Treasury Secretary Janet Yellen warned that cryptocurrency abuse has become a growing problem.

“The inappropriate use of cryptocurrency and virtual assets is a growing problem. I see that these are promising technologies, but I also see the reality: cryptocurrencies are used to launder the profits of drug traffickers on the Internet, they are also instruments of financial terrorism,” Yellen said, speaking at a roundtable meeting with business representatives and regulators to protect the financial system.

“Working together, we can reduce the flow of black money from organized crime and those who finance terrorism … And we can better confront adversaries who hack into our organizations or interfere with our elections,” Yellen said.

In the past, the United States has accused Russia of meddling in elections; Moscow has denied this.

Author: wedocount

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