US Treasury Secretary Janet Yellen underscores the importance of implementing a strong regulatory framework for cryptocurrencies During the G20 meeting on February 25
Yellen saytold Reuters that “It is important to put in place a strong regulatory framework,” and she also noted that the United States is not recommending “totally ban crypto activities.”
Yellen’s remarks came after former International Monetary Fund (IMF) Managing Director Kristalina Georgieva specifyOn how banning crypto should be an alternative:
“If regulations fail If you do it too late We shouldn’t overlook banning those assets. because it may create a risk to financial stability.”
On Thursday, the IMF issued a nine-item action plan for how countries should treat crypto-assets, with a request not to scam them. cryptocurrencies That turned out to be legitimate money.
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