US Treasury Secretary Yellen speaking to regulators and private sector attendees at a Treasury-hosted forum
- says the US is seeing ‘explosion of risk’
related to fraud, money laundering, terrorist financing and data
privacy - says pandemic
highlighted problems of ‘broadband deserts’, lack of access to
financial services for millions of people - says Treasury
can leverage financial sector innovation to combat problems, promote
financial inclusion and improve competitiveness - says misuse of cryptocurrencies and
virtual assets is growing problem - cryptocurrencies
have been used to launder profits of online drug traffickers, finance
terrorism
more to come
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