![Former Federal Reserve Chairman Janet Yellen, who was elected by US President-elect Joe Biden on the 23rd (local time) as the first finance minister of the next administration. [사진 출처 = 연합뉴스]](https://i0.wp.com/file.mk.co.kr/meet/neds/2021/01/image_readtop_2021_69857_16112150424515235.jpg?w=560&ssl=1)
Former Federal Reserve Chairman Janet Yellen, who was elected by US President-elect Joe Biden on the 23rd (local time) as the first finance minister of the next administration. [사진 출처 = 연합뉴스]Former Fed Chairman Janet Yellen, who was appointed Treasury Secretary of the Administration of Joe Biden, mentioned the need to restrict the use of cryptocurrencies.
According to the US economic media Business Insider on the 20th (local time), at a hearing on the approval of the Senate Financial Services Commission on the 19th, “I think many cryptocurrencies are mainly used for illegal finance.” Replied.
“It is necessary to consider ways to reduce such use and prevent money laundering,” he suggested.
The nominee for Finance Minister Yellen is usually well-known as a cryptocurrency pessimist. Yellen warned in 2017, when he was chairman of the Fed, that “Bitcoin is a very speculative asset and not a stable means of storing value.”
Earlier, Bloomberg News reported that when Biden’s new government is in place, Finance Minister Yellen will fully regulate cryptocurrency.
Bitcoin price, which hit an all-time high of $42,000 on the 8th of this month, is showing weakness recently. As of 4 p.m. on the 21st of Korea time, the price is in the 34,000 dollar level.
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