In a virtual conference hosted by The New York Times, Treasury Secretary Janet Yellen gave her nod of approval to the idea of “sovereign digital currencies” to solve the riddle of financial inclusion in America. According to recent data, approximately 7.1 million, or 5.4 percent of households, in the United States have no access to…

TEHRAN, IRAN — As Iran reels from the economic war the U.S. is waging on it, the country is hoping to avoid further damage from fast-approaching sanctions by launching a new digital currency, according to Iranian media reports. The plan to put the new “indigenous cryptocurrency” in circulation was announced by Alireza Daliri, the deputy…

U.S. President Donald Trump has announced fresh sanctions against Venezuela’s fledgling Petro cryptocurrency, which was launched specifically to help stabilize the Latin American nation’s economy. The blockade, due to be signed and implemented today, restricts the use of Petros in U.S. financial transactions, McClatchy reports. Trump and other critics have claimed the Petro, backed by Venezuela’s oil reserves – the largest in the world – is unreliable. Yet in presales alone, Venezuela has already made…