APEC finance minister to share views on cryptocurrencies at San Francisco meeting
The week-long Asia-Pacific Economic Cooperation (APEC) summit opened in San Francisco on November 11. Janet Yellen, the US Treasury Secretary, stated during her opening remarks at the finance ministers meeting on November 13 that they will discuss "priority areas for the long term," with a focus on sustainability. They will also hold a meeting specifically to discuss supply-side economics and another meeting specifically to discuss digital assets. Yellen specifically mentioned unsecured crypto assets, stablecoins, and central bank digital currencies.
Yellen stated: "Sharing insights and partnering with the private sector allows us to deepen our collective understanding of the tools policymakers can use to promote responsible development and use of digital assets."
She added: "I look forward to hearing your thoughts on the long-term role that digital assets and blockchain">blockchain technology can play in our respective financial systems, as well as how authorities plan to regulate their development and use."
It is reported that APEC is composed of 21 "economies" in the Asia-Pacific region of Asia, North America, and South America. Membership is open to economies rather than countries, and Ripple is the main (diamond-level) sponsor of this summit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Thailand seizes 63 illegal crypto mining rigs that stole over $327k in electricity
Crypto Sniper Incurs $465K in Losses on $XZY Token within 1 Hour
Expert Says Holding Just 1,000 XRP Could Be the Best Financial Decision of Your Lifetime
Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects
Chinese cryptocurrency analyst phenomenon Murphy evaluated the latest status of Ethereum in his statement. Here are the details.
Trending news
MoreCrypto prices
More








