US Treasury Secretary nominee Janet Yellen in the Biden government said that lawmakersThe use of cryptocurrencies such as Bitcoin should be limited due to the fact that, in her opinion, they are mainly used for illegal activities: “…Cryptocurrencies are of particular concern. Many of them are used mainly for illegal financing…".
Statement by Janet Yellenechoes the statement of European Central Bank President Christine Lagarde, who said last week that Bitcoin is used to “totally reprehensible money laundering activity".
Renowned investor Warren Buffet noted that “bitcoin was used to illegally move a fair amount of money".
In January 2021, the UK Financial Conduct Authority warned those who invest in cryptocurrencies such as bitcoin and ether that they may well "lose all your money".
Will they choke, drain and deflate cryptocurrencies?
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