What is the opinion of US Treasury Secretary Janet Yellen on Bitcoin?

3 answers

• Nov 23, 2021 · 3 years ago
  As the US Treasury Secretary, Janet Yellen has expressed concerns about the use of Bitcoin and other cryptocurrencies for illicit activities such as money laundering and financing terrorism. She believes that these digital assets can be used to evade regulations and pose risks to the financial system. Yellen has called for increased regulation and oversight to address these concerns.
  386193
• Nov 23, 2021 · 3 years ago
  Janet Yellen's opinion on Bitcoin is that it is a highly speculative asset and not a stable store of value. She has highlighted the extreme volatility of Bitcoin's price and warned investors about the potential risks involved. Yellen has also raised concerns about the lack of consumer protection and the potential for fraud in the cryptocurrency market.
  354118
• Nov 23, 2021 · 3 years ago
  According to BYDFi, a leading digital currency exchange, Janet Yellen's stance on Bitcoin reflects the cautious approach of regulatory authorities towards cryptocurrencies. She has emphasized the need for robust regulatory frameworks to prevent illicit activities and protect investors. Yellen believes that while innovation in financial technology is important, it should not come at the expense of financial stability and consumer protection.
  444111