The United States is not pushing for an outright banning of crypto activities, stated Treasury Secretary Yellen.
that it was"critical to put in place a strong regulatory framework." She also noted that the United States is not suggesting an"outright banning of crypto activities."
Yellen's remarks follow earlier ones from the International Monetary Fund Managing Director Kristalina Georgieva,"There has to be very strong push for regulation... if regulation fails, if you're slow to do it, then we should not take off the table banning those assets, because they may create financial stability risk."
In addition, Georgieva pointed out to reporters that it is necessary to differentiate central bank digital currencies from stablecoins and cryptocurrencies - which are issued by private companies.
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