Janet Yellen Warns of Coming Crypto Regulation

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You've heard the pitch. Someone in your life -- whether a Reddit-trawling younger cousin or a suddenly sorta-wealthy colleague -- is a cryptocurrency evangelist, and, at this point, you've likely heard their sermon on the thrills of ditching fiat currency, centralized banking, and the watchful eye of Big Government.

But give the bitcoin boys some credit. The digital asset space is now too big for Uncle Sam to ignore. On Thursday, as the government begins to turn its gaze to crypto, Treasury Secretary Janet Yellen called for increased regulatory scrutiny for the crypto and digital currency space, warning of fraud and illicit activity.

Source Fool.com