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Learning & News => News related to Crypto => Topic started by: newshunter on January 23, 2021, 01:00:45 AM

Title: Treasury Secretary nominee says crypto has potential to improve the financial system
Post by: newshunter on January 23, 2021, 01:00:45 AM

Treasury Secretary nominee says crypto has potential to improve the financial system

Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”

Source: Treasury Secretary nominee says crypto has potential to improve the financial system (https://cointelegraph.com/news/treasury-secretary-nominee-says-crypto-has-potential-to-improve-the-financial-system)

Would appreciate your opinion about this

Title: Re: Treasury Secretary nominee says crypto has potential to improve the financial system
Post by: TomPluz on January 23, 2021, 02:58:09 AM

This can be a part in the push for CBDCs which many big countries can be using soon when the infrastructure is already ready for launch. Many governments right now are looking at the blockchain and cryptocurrency on how these technologies can be adopted to improve their financial systems. I am hoping that in doing so they will also be recognizing decentralized and legitimate platforms and maybe open the door for them for some integration.