Biden nominee for Treasury Dept will prioritize crypto regulation

Brian Nelson, U.S. President Joe Biden’s nominee for under secretary for the Department of the Treasury’s division on terrorism and financial crimes, said he would prioritize implementing new regulations around cryptocurrency.

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Banks fall in line as China’s central bank cracks down on crypto accounts

The Agriculture Bank of China (AgBank) — the world’s third-largest bank by assets — is set to implement Beijing’s firm anti-cryptocurrency measures and rigorously vet its clients to ensure they are not engaged in any form of illegal activities involving crypto transacting, trading or min

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“Bitcoin maximalists? They can’t stop innovation”, says Mati Greenspan

In an exclusive interview with Cointelegraph during Bitcoin 2021 in Miami, Greenspan criticized a segment of Bitcoin maximalists for being “small-minded and insecure”, pointing out that they don’t have control over the main cryptocurrency.

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El Salvador Minister Clarifies Bitcoin Salary Payment Stipulations – BeInCrypto

A minister from El Salvador’s Labor and Social Welfare department clarified that it is outside his purview to state whether salaries can be paid in bitcoin.

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Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador

Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse the economy.

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Democratic lawmakers have formed group to address regulatory concerns around crypto

Maxine Waters, who represents California’s 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies. 
In a Tuesday virtual hearing of the U.S.

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‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long

All eyes are on Bitcoin (BTC), as the largest cryptocurrency shot up past $40,000 on June 14. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once more miners confirm green energy initiatives.

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Spread of Unregulated Crypto a ‘Cause for Concern’ Says Italian Regulator – BeInCrypto

The continued spread of cryptocurrencies without consistent regulation is a cause for concern, according to the head of Italy’s stock market regulator.
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Paulo Savona said cryptocurrencies could potentially damage the way the market operates.

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Korean banks will need to classify crypto exchange clients as ‘high risk’

New rules announced by South Korea’s Financial Services Commission, or FSC, are expected to affect around 60 unauthorized cryptocurrency exchanges in the country and a new policy for banks will require that they classify any crypto exchange clients as “high risk.

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