Opportunity for growth in our aml solutionsUnited States President-elect Joe Biden's Treasury secretary nominee Janet Yellen noted on Tuesday that "many" cryptocurrencies "are used, at least in transactions sense, mainly for illicit financing." Speaking at her confirmation hearing before the Senate Finance Committee, the former Federal Reserve chair stressed that the incoming US government should "examine ways in which we could curtail their use and make sure ... money laundering does not occur through those channels." "Cryptocurrencies are of a particular concern" when it comes to terrorist financing and disguising illegally obtained funds, she also specified.