News > Crackdown on Bitcoin, other cryptocurrencies likely, says Kraken CEO✭
Crackdown on Bitcoin, other cryptocurrencies likely, says Kraken CEO✭
CNBC TV18 | 13/04/2021 03:04 PM | Click to read full article
Nearly a month after Janet Yellen, the United States Treasury Secretary, expressed concern regarding the use of cryptocurrency for 'illicit finance', Jesse Powell, the CEO of Bitcoin exchange 'Kraken', has speculated that governments around the world may crackdown on the use of Bitcoin and other cryptocurrencies.
He added that one of the reasons behind the likely crackdown on cryptocurrency could be that conventional banks may lose sheen if digital currencies grow bigger in stature.
