US Treasury Secretary Janet Yellen Says ‘the Misuse of Cryptocurrencies Is a Growing Problem’ – Regulation Bitcoin News

Janet Yellen, the new U.S. Treasury Secretary, has warned about “a growing problem” from “the misuse of cryptocurrencies.” She emphasized that “cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism.” Janet Yellen Warns of Cryptocurrency Risks The U.S. Department of the Treasury hosted its inaugural Financial Sector Innovation Policy Roundtable on Feb. 9 and 10. “The Roundtable brought together policymakers and regulators with experts from the private sector to exchange views for collaborating on policy issues and innovative technologies,” the…

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Mastercard Will Start Supporting Cryptocurrencies Directly on its Network – Finance Bitcoin News

Payments giant Mastercard has announced that it is preparing to allow a number of cryptocurrencies to move through its network directly. Customers, merchants, and businesses will no longer need to convert cryptocurrencies into fiat currencies to transfer through the Mastercard network. Mastercard Prepares to Let Cryptocurrencies Move Through its Network Mastercard announced Wednesday that it will start “bringing crypto onto its network.” In a blog post on the company’s official website, Raj Dhamodharan, Executive Vice President of Digital Asset and Blockchain, explained that “digital assets are becoming a more important…

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All Tifon Gas Stations in Croatia Now Accept Cryptocurrencies – Featured Bitcoin News

Forty-six Tifon gas stations across Croatia have reportedly started accepting cryptocurrency payments. Using payment processor Paycek, customers can pay with a number of cryptocurrencies, including bitcoin and ether. Tifon gas stations in Croatia started accepting cryptocurrency payments at the beginning of February. There are currently 46 Tifon gas stations in the country. Paycek, a service by Croatian fintech startup Electrocoin, will process crypto payments for Tifon. According to its website, Paycek supports bitcoin (BTC), ether (ETH), XRP, stellar (XLM), and EOS. Cryptocurrency payments are converted into fiat currency at the…

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Indian Central Bank Sees Cryptocurrencies Gaining Popularity, Exploring Digital Rupee – Regulation Bitcoin News

India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and confirmed that it is exploring the need for a central bank digital currency. RBI Says Crypto Has Gained Popularity, Exploring Digital Rupee India’s central bank published a “Booklet on Payment Systems” on Monday with a section on central bank digital currencies (CBDCs). The document covers “the journey of payment and settlement systems in India during…

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Janet Yellen Reveals Plans for Bitcoin — Sees Cryptocurrencies Used Mainly for Illicit Financing – Regulation Bitcoin News

Janet Yellen, Joe Biden’s pick for the Treasury Secretary, has revealed her policy for cryptocurrencies, including bitcoin. She claims that cryptocurrencies are mainly used for illicit financing and their use needs to be curtailed. Janet Yellen Reveals Her Plans for Cryptocurrencies In the Senate hearing to consider Janet Yellen’s nomination as Secretary of the Treasury on Tuesday, Yellen was asked about cryptocurrencies. She is Joe Biden’s pick to lead the Treasury Department under his administration. The crypto question was asked by Senator Maggie Hassan (D-NH), who talked about “the importance…

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Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML

Janet Yellen, a former leader at the Federal Reserve and Joe Biden’s pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing.  In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions on combating the financing of terrorism, or CFT, from Democratic Senator Maggie Hassan from New Hampshire. Hassan asked Yellen how she would respond as Treasury Secretary to “emerging financial technology” used to fund criminal organizations and terrorists. The senator called cryptocurrencies a “growing concern” and asked Biden’s pick…

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