The former Federal Reserve Chair did not outrightly condemn digital assets. While acknowledging their potentials, she spoke of the grey areas. According to Yellen:
Yellen referenced the Anti-Money Laundering (AML) Act passed into law last December. A part of the new law requires the U.S. government to update its AML laws. She opined that the existing regulatory framework needs to be updated to reflect the changing economic landscape.
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Source: Cryptocurrency - investing.com
