Janet Yellen suggests ‘curtailing’ cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing | Currency News | Financial and Business News

Janet Yellen suggests ‘curtailing’ cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing | Currency News | Financial and Business News


Janet Yellen expressed concern about cryptocurrencies like Bitcoin, which have surged in price



Treasury secretary nominee Janet Yellen has suggested lawmakers should “curtail” the use of cryptocurrencies such as Bitcoin, saying she is concerned that they are “mainly” used for illegal activities.

Her comments come amid a surge of interest in Bitcoin, with its price soaring around 300% in the last year. The Bitcoin price was last down 7.59% to…


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