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  • Mnuchin Warns Bitcoin Users of ‘Very, Very Strong’ Regulations
    US Treasury Secretary Steven Mnuchin again turned his attention to bitcoin this week, warning that the Trump administration would pursue “very, very strong” enforcement of existing financial regulations to stop bad actors from using the cryptocurrency to bankroll criminal activities. Treasury secretary: crypto could become a financial system risk Mnuchin… Read more »
  • China Should Take Precautions against Facebook Crypto: Ex-PBoC Head
    Facebook’s foray into the payment sector has drawn backlash from governments and regulators across the globe. This time, it is China fencing its borders to keep the social media giant out. Xiaochuan Zhou, the former governor of the People’s Bank of China (PBoC), suggested the government to take precautionary monetary… Read more »
  • Libra is Not Bitcoin, CoinShares Exec Testifies Before US Congress
    Facebook cryptocurrency Libra is an imitator of Bitcoin, Meltem Demirors of CoinShares testified before the US Congress on Wednesday. The chief strategy officer appeared before the House Financial Services Committee to explain the difference between Bitcoin and thousands of cryptocurrency projects that takes inspirations from it. Putting Libra in the… Read more »
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