US Treasury Secretary Janet Yellen will speak at the American University today at 17.30 on cryptocurrencies.
According to the news of The Block site, they interviewed people who knew about the conversation.
The Block expects Yellen to say that the tax filing system of cryptocurrencies, like stocks and bonds, needs to be reported to the finance ministry.
Secretary of the Treasury at the Financial Services House Committee on Capitol Hill, Washington, April 6 In his talk about the risks of cryptocurrencies, “The cryptocurrencies financial system has risks that could disrupt our home economy.” saying regulation to reduce risks and fraud he called. “More government regulation is needed,” Yellen said. said.
In addition, Yellen stated that Russia’s actions against Ukraine will have economic repercussions, and Economic fragility increased after Covid-19 told.
Yellen said that she is looking at various options about digital assets and payment systems that include stabecoins. He noted that it also includes currencies such as digital central bank money (CBDC).
It will be emphasized that investors should inform the Ministry of Finance about the tax declaration, as in stocks and bonds.
Making statements regarding President Joe Biden’s executive order regarding digital assets, US Treasury Secretary Janet Yellen said that the president will support innovations in this area while addressing the risks in cryptocurrencies, and with this news, bitcoin is about to take place. It was up $3,300 to $41,500.
With the Statements of US Treasury Secretary Yellen, Bitcoin Passed $ 41,500
Related article: With the Statements of US Treasury Secretary Yellen, Bitcoin Passed $ 41,500