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Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions

“The vast majority of digital assets are being used for legitimate purposes, but for those that are primarily in the business of furthering criminal enterprises, we plan to use our…

Continue ReadingTreasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions

SEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF

In the same interview, Proshares CEO Simeon Hyman opined that regulated futures traded in a 40-act ETF will open the opportunity to get BTC exposure to a lot of folks…

Continue ReadingSEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF

Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.

Continue ReadingRussia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

IMF reiterates more oversight for crypto in latest report on financial stability

The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility.

Continue ReadingIMF reiterates more oversight for crypto in latest report on financial stability