USA will tighten control over cryptocurrency users

There are signs that the administration of new US President Joe Biden is going to tighten

policy regarding cryptocurrencies.

Janet Yellen, who shouldto head the US Treasury Department, emphasized the role of cryptocurrencies in illegal transactions and money laundering. Asked about terrorist financing using Bitcoin, Yellen said cryptocurrencies are “of particular concern” and the government should impose new restrictions on how such digital currencies can be used.

Yellen noted that to preventterrorists use cryptocurrencies, it is necessary for the state to modernize the method of working with these assets. Especially in terms of control over cryptocurrency transactions.

Recall that Joe Biden took office as President of the United States on January 20, 2021.