Krutika Adani
The US Treasury warns against using cross-border settlement systems that "don’t align" with its standards, sparking crypto concerns.
Experts interpret the Treasury’s statement as a veiled critique of cryptocurrencies and the emerging BRICS currency system.
Major financial entities like JP Morgan and PayPal increasingly use crypto for cross-border settlements, highlighting its growing relevance.
Historically neutral, the US Treasury’s stance raises eyebrows as Tether, a major crypto entity, remains the third-largest buyer of US Treasury Bonds.