What A Joke… Yellen Says She’s Concerned About Illicit Use of Crypto Assets….
I truly loathe politicians and got to say that people are getting ready to find out just how bad this administration is going to be….Yellen smears crypto yet where’s the big numbers… 0.34%…RIDICULOUS!!!!!!
Janet Yellen Says She’s Concerned About Illicit Use of Crypto Assets, Chainalysis Finds 0.34% of Transaction Volume Connected to Crime
‘Former Federal Reserve chair and Treasury secretary nominee Janet Yellen is addressing the potential use of cryptocurrency for illicit financing.
Speaking at a confirmation hearing with the U.S. Senate Finance Committee, Yellen answered questions from Senator Maggie Hassan about the potential for terrorists to use digital assets to fund illicit activities.
‘Cryptocurrencies are a particular concern. I think many are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels.’
The comments come as the blockchain analytics firm Chainalysis releases its latest overview on the real-world use of crypto among bad actors. It finds that crypto-related crime dropped to 0.34% of total transaction volume in 2020, down from 2.1% in 2019.”