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Any potential CBDC design would have to address its impact on the financial system, ability to address financial crime and national security questions, privacy implications, ability to address macro policy and how it might interact with existing fiat currencies, stablecoins or other CBDCs, Yellen said. Source
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“Digital assets may be new, but many of the issues they present are not,” Yellen will say in her remarks, prepared for delivery Thursday at American University. “When new technologies enable new activities, products, and services, financial regulations need to adjust.” Original Source
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United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian oligarchs and government agencies. Yellen was asked repeatedly about digital asset security at the committee’s annual hearing on the state of the
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Treasury Secretary Janet Yellen has scheduled her first speech devoted entirely to digital assets and their place in the U.S economy. The Thursday remarks are expected to track closely with the sentiments already expressed in President Joe Biden's recent executive order. Original Source
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U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation. Treasury
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Janet Yellen, the 78th United States Secretary of the Treasury, spoke Friday morning on CNBC’s flagship business and politics show Squawk Box, on an array of topics from the growth of the renewable energy sector amid Russia’s economic isolation, the rising levels of inflation and Federal Reserve responsibility, as well
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A fairly outspoken critic of Bitcoin and the broader cryptocurrency space during her time as Fed chair, then as a private citizen ("not a fan"), and most recently as Treasury Secretary, Yellen said she now has only “a little bit of skepticism,” noting concerns about financial stability, consumer investor protection,
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U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions. Treasury Secretary Janet Yellen on Monitoring Russian Efforts to Use Cryptocurrency to Evade Sanctions U.S.
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