Bitcoin: Is tighter scrutiny likely?
As bitcoin’s price continues its breakneck rally, tighter rules may be on the horizon, depending on who forms Joe Biden’s new team.
Kelvin Ong | Financial writer, Singapore | Publication date: 2020-12-30T01:40:35+0000
Bitcoin price climbs back above US$27,500 on Wednesday (30 December 2020) after paring gains a day earlier
The cryptocurrency and its peers have attracted swelling interest, shattering price records in recent months
However, there could be stricter oversight of the nascent cryptocurrency industry in the US
Proposed rules include requirements for traders to disclose their identities
Bitcoin price seesaws after winning streak
Bitcoin s price dropped to as low as US$26,111 at about 13:14 GMT+8 on Tuesday (29 December 2020).