But the comments from Yellen suggest the incoming administration of Joe Biden could be hostile to cryptocurrencies and attempt to ramp up regulation. Watchdogs around the world, from the European Central Bank to the UK's financial regulator, have recently expressed concern over cryptocurrencies like Bitcoin.
Yellen said: "You're absolutely right that the technologies to accomplish this change over time, and we need to make sure that our methods for dealing with these matters, with terrorist financing, change along with changing technology. "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."Bitcoin had been used for some "totally reprehensible money laundering activity".that "Bitcoin has been used to move around a fair amount of money illegally". He said investors should "go short suitcases" as criminals will no longer need them to carry cash.
Its mostly used for illegally definancing my broke ass Yellen 😤
control
It would be great to cash out before y'all elites sink this 😅
Cryptocurrencies are the next step of human slavery. Bitcoin is leading to the Mark of the Beast. Convenience and profitability aren't worth your soul!
Even someone staying under a big stone knows it is CASH that's used for money laundering and illicit activities. Look at Bitcoin. respecting freedom of speech. So many medieval aged pseudo economist throw accusations at it and don't get sued because Bitcoin is not centralized.
Jack will be so mad. I think we should do it
only 0,34% is used for illegal activity , and what about FIAT money? how much of dollars are used for criminal activity. Such hypocrisy
The Elites are back
horrible
Gotta shut down what you can't control.