APEC finance ministers meeting to share views on cryptocurrencies at San Francisco meeting

U.S. Treasury Secretary Janet Yellen said in her opening speech at the Treasury Ministers' meeting on November 13 that they would discuss "long-term oriented priority areas" with a strong emphasis on sustainability. They will also hold a session dedicated to supply-side economics and a session on digital assets. Yellen specifically mentioned unbacked cryptoassets, stablecoins and central bank digital currencies. “Sharing insights and engaging with the private sector allows us to deepen our understanding of the tools policymakers can use to promote the responsible development and use of digital assets,” Yellen said. She added: “I look forward to hearing your views on the long-term role of digital assets and blockchain technology in your respective financial systems, and how your regulatory authorities plan to handle regulatory oversight of their development and use.” (Cointelegraph) )