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Janet Yellen suggests ‘curtailing’ cryptocurrencies such as Bitcoin, saying they are mainly used for ille.. – Business Insider

Treasury secretary nominee Janet Yellen suggested the Joe Biden administration could be tough on Bitcoin and cryptocurrencies after huge price rises.

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Janet Yellen expressed concern about cryptocurrencies like Bitcoin, which have surged in price
Andrew Harnik/ASSOCIATED PRESS
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 $34,183.57, while rival…

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