{"id":556616,"date":"2023-02-25T23:07:52","date_gmt":"2023-02-25T20:07:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-treasury-janet-yellen-calls-for-strong-regulatory-framework-for-crypto-activities\/"},"modified":"2023-02-25T23:07:52","modified_gmt":"2023-02-25T20:07:52","slug":"u-s-treasury-janet-yellen-calls-for-strong-regulatory-framework-for-crypto-activities","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-treasury-janet-yellen-calls-for-strong-regulatory-framework-for-crypto-activities\/","title":{"rendered":"# U.S. Treasury Janet Yellen calls for &#8216;strong regulatory framework&#8217; for crypto activities"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a348c1ee56da\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a348c1ee56da\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-treasury-janet-yellen-calls-for-strong-regulatory-framework-for-crypto-activities\/#%E2%80%9D_US_Treasury_Janet_Yellen_calls_for_%E2%80%98strong_regulatory_framework_for_crypto_activities_%E2%80%9C\" >&#8221; U.S. Treasury Janet Yellen calls for &#8216;strong regulatory framework&#8217; for crypto activities  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_Treasury_Janet_Yellen_calls_for_%E2%80%98strong_regulatory_framework_for_crypto_activities_%E2%80%9C\"><\/span>&#8221; U.S. Treasury Janet Yellen calls for &#8216;strong regulatory framework&#8217; for crypto activities  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvZDFiOTVlNDMtNWE1OC00MzEyLWJhZTYtNTMwODJiZjkyYjAyLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25.\u00a0<\/p>\n<p>Speaking to Reuters, Yellen<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/indias-push-regulate-crypto-gains-imf-us-support-g20-2023-02-25\/\"> said<\/a> that it was &#8220;critical to put in place a strong regulatory framework.&#8221; She also noted that the United States is not suggesting an &#8220;outright banning of crypto activities.&#8221;<\/p>\n<p>Yellen&#8217;s remarks follow earlier ones from the International Monetary Fund (IMF) Managing Director Kristalina Georgieva,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/imf-flags-debt-disagreements-says-banning-crypto-should-not-be-off-table-2023-02-25\/\"> stating<\/a> that banning crypto should be an option: <\/p>\n<blockquote><p>&#8220;There has to be very strong push for regulation&#8230; if regulation fails, if you&#8217;re slow to do it, then we should not take off the table banning those assets, because they may create financial stability risk.&#8221;<\/p><\/blockquote>\n<p>In addition, Georgieva pointed out to reporters that it is necessary to differentiate central bank digital currencies (CBDCs) from stablecoins and cryptocurrencies &#8211; which are issued by private companies.\u00a0<\/p>\n<p><strong><em>Related: What are CBDCs? A beginner&#8217;s guide to central bank digital currencies<\/em><\/strong><\/p>\n<p>In an earlier conference, the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India\u2019s presidency addressed key financial stability and regulatory priorities, Cointelegraph reported. <\/p>\n<p>The country&#8217;s Finance Minister Nirmala Sitharaman called for a coordinated global policy to address the macro-financial implications of crypto assets. Sitharaman has historically supported working with other jurisdictions in the development of crypto regulations. For several years, India&#8217;s government has debated whether to regulate or even ban cryptocurrencies. <\/p>\n<p>On Feb. 23, the IMF released an action plan on crypto assets, urging countries to abolish legal tender status for cryptocurrencies. The paper, titled \u201cElements of Effective Policies for Crypto Assets,\u201d outlined a framework of nine policy principles addressing macrofinancial, legal and regulatory, and international coordination issues. <\/p>\n<p>After a visit to El Salvador earlier this month, the IMF suggested the country reconsider its plans to increase exposure to Bitcoin, citing the cryptocurrency risk to El Salvador&#8217;s fiscal sustainability and consumer protection, as well as its financial integrity and stability.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/u-s-treasury-janet-yellen-calls-for-strong-regulatory-framework-for-crypto-activities\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; U.S. Treasury Janet Yellen calls for &#8216;strong regulatory framework&#8217; for crypto activities &#8220; United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25.\u00a0 Speaking to Reuters, Yellen said that it was &#8220;critical to put in place a strong regulatory framework.&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":556617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/d1b95e43-5a58-4312-bae6-53082bf92b02.jpeg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,75046,75022,75268,75606,70934],"class_list":["post-556616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-cbdc","tag-central-bank","tag-g20","tag-imf","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=556616"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/556617"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=556616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=556616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=556616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}