Treasury Secretary Yellen calls for cryptocurrency regulation to reduce risk, fraud

Photo caption: U.S. Treasury Secretary Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services about the FY22 Treasury budget request on Capitol Hill, in Washington, DC, U.S., June 23, 2021. Photo credit: Shawn Thew / Pool via Reuters. Article by Fatima Hussein, AP. PBS – April 7, 2022.

WASHINGTON (AP) — Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions. One potential upside is that users would get documentation of their crypto dealings for use in filing their taxes. “Taxpayers should receive […]

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