On the fringes of the G20 meeting for finance ministers and central bank governors in Bengaluru, U.S. Treasury Secretary Janet Yellen underlined the significance of creating a strong regulatory framework for cryptocurrencies. The Securities and Exchange Commission (SEC) has recently increased its enforcement operations against cryptocurrency firms, and the Indian Finance Minister Nirmala Sitharaman has been pressing for global collaboration on crypto regulation. Kristalina Georgieva, managing director of the IMF, added that cryptocurrency need “greater regulation.” This week, the IMF executive board gave recommendations to assist nations create successful crypto policies.
Janet Yellen Says Critical to Establish Strong Crypto Regulation, We Haven’t Suggested Outright Banning
