The SEC’s decision is seen as first step towards traditional use of cryptocurrency

The SEC’s five-year time frame offers the opportunity to work on what he calls the “mechanics” of the latest technology. In addition to launching the pilot project, the agency is seeking feedback to answer these questions.

Yellen’s warning

Treasury Secretary Janet L. Yellen told the Senate Finance Committee during her confirmation hearing on January 19 that cryptocurrencies are a particular concern because “many are used, at least in a transactional sense, primarily for illicit financing. … And I think we really need to look at ways we can reduce their use and make sure that … money laundering doesn’t happen through these channels. “

However, Lilya Tessler, a …

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