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Why Janet Yellen makes positive remarks on cryptocurrency
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[QUOTE="Lens1000, post: 232176, member: 37726"] The critics in the cryptocurrency world is increasing everyday. Some are actually repenting , because they saw the drastic development in the cryptoeconomy ecosystem. Most of the critics are in the traditional financial institutions like the banks etc. They are beginning to see cryptocurrency as a threat and a kind of close rival. This is what made to never want to support cryptocurrency. In El Salvador, the first sector that kicked against the bitcoin adoption was the banks. It was when the banks saw that most of their customers do crypto and they may likely lose them, that is why you see the major banks adding cryptocurrency related services to their platforms. The banks that have adopted cryptocurrency are now in serious gains from the cryptocurrency business. Cryptocurrency is a decentralized system and needs no third-party influence. This particular feature is what triggered the hatred by the government, banks etc Janet Yellen, the number one cryptocurrency critics in the United States and the former chair of the federal Reserve made a repentant statement on cryptocurrency and it seems the current Secretary of Treasury is gradually seeing the advantages in cryptocurrency . She said "cryptocurrency will be beneficial if used properly" This statement is a clear indication that she is no longer making negative remarks on cryptocurrency . If we have more Influential people supporting cryptocurrency, it will go a long way to helping the crypto ecosystem. [/QUOTE]
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