Yellen Opposes Fed-Issued Digital Currency, Stresses Debt Concerns – Coincu

By: bitcoin ethereum news|2025/05/07 01:15:01
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Yellen’s opposition to a Fed digital currency amid market concerns. Yellen focuses on debt control, public spending. Federal Reserve policy under scrutiny; crypto market remains volatile. Yellen publicly voiced opposition to a Fed digital currency on May 6, reflecting market concerns about financial stability. This statement adds to a broader narrative about the cautious U.S. regulatory stance in digital currencies. The Treasury Secretary’s stance underlines her focus on economic balance and debt management, raising questions about the future of a Fed-issued digital dollar amid ongoing economic shifts. Yellen’s Skepticism on CBDC Sparks Regulatory Debate Yellen reiterated her skepticism about the Federal Reserve issuing a central bank digital currency (CBDC), highlighting concerns over potential risks to financial stability and existing systems. Her position was clearly stated during a finance meeting reported by BlockBeats News, reinforcing her previous remarks against direct federal involvement in digital currencies. Yellen’s comments reaffirm federal caution, potentially slowing the progress of U.S.-backed digital asset initiatives. Markets and industry insiders keenly follow such developments for signs of regulatory shifts, which could impact capital allocation and funding within the digital currency sphere. “I have consistently voiced skepticism about cryptocurrencies such as Bitcoin and CBDCs, citing concerns about illicit finance, energy consumption, and risks to the existing financial system.” — Janet Yellen, U.S. Treasury Secretary Market Figures Reveal Global Cryptocurrency Trends Did you know? In previous positions, Janet Yellen consistently highlighted the potential risks of digital currencies connected to illicit finance and systemic inefficiencies. This long-standing stance has heavily influenced U.S. policies regarding cryptocurrency development. Bitcoin, currently valued at $94,597.23 , retains a market cap of $1.88 trillion amid economic shifts. Despite a 0.99% rise over the past day, its market dominance stands at 64.11%, as reported by CoinMarketCap. The asset has experienced diverse fluctuations, with a notable 14.48% increase over 30 days and a subtle 0.37% weekly decline, reflecting the volatile nature of cryptocurrency markets. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 15:49 UTC on May 6, 2025. Source: CoinMarketCap Experts at the Coincu research team see cautious regulatory stances potentially stalling U.S. digital dollar initiatives in comparison to Europe or China. Continuous analysis suggests that such caution fosters increased interest in decentralized assets, particularly Bitcoin and Ethereum, as alternatives during this uncertain financial period. Source: https://coincu.com/335994-yellen-opposes-fed-digital-currency/

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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