US Treasury Secretary Janet Yellen stressed the importance of establishing a “strong regulatory” framework for Bitcoin (BTC) and cryptocurrencies.
Janet Yellen took place in India on 25 February G20 In a statement to Reuters during the session break during the meeting, a strong regulatory framework of creating “critical importance” He made statements stating that he was carrying
Crypto activities does not recommend that it be banned altogether. Yellen stated that constructive steps to be taken could result in positive results for this new industry.
At this point, it is critical to establish a strong regulatory framework. The US does not have a proposal for a complete ban on the cryptocurrency industry. We are working with other governments to take a constructive stance on the issue.
Finally FTX Yellen, who came to the fore with the statements she made after her bankruptcy, said, “This shows the weaknesses of the entire industry” he said. Reiterating the need for a strong regulatory framework in his statement, the treasury minister said that the crypto market has not penetrated deeply into the banking sector. does not pose broad threats brought to the fore.