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What Gary Gensler thinks about bitcoin's future

March 2, 2021
Cryptocurrency enthusiasts have been eyeing Joe Biden’s pick to run the US Securities and Exchange Commission for clues about how he might regulate the technology. In his confirmation hearing today, nominee Gary Gensler suggested that more government oversight of cryptocurrencies was in the offing.
He also hinted that the type of oversight will depend on which form of cryptocurrency is under discussion. With crypto prices on a tear in recent months, the frenetic debate about whether the rapidly evolving market constitutes a legitimate new asset class or a bubble ripe for abuse has turned into a regulatory conundrum, as institutional and retail investors race ahead of rules to govern the space. ....

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Bitcoin: Japanese and banking regulations urged as 'cryptos' become a cash 'alternative' | Personal Finance | Finance

| UPDATED: 19:28, Tue, Mar 2, 2021
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Bitcoin has seen unprecedented demand in recent months, with coinmarketcap.com showing its price rose from around $6,000 in March 2020 to $50,000 in February. While a lucky few may have benefited from this rise, cryptocurrencies across the board are still facing scrutiny from regulators and governments across the world. ....

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Bitcoin is 'speculation of the highest order' and should be banned, says billionaire investor Rakesh Jhunjhunwala

Billionaire investor Rakesh Jhunjhunwala believes bitcoin should be banned. "I think it s speculation of the highest order. I don t want to join every party ....

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Blockchain mustn't get blocked: Regulate but do not ban Bitcoin

Blockchain mustn’t get blocked: Regulate but do not ban Bitcoin
FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
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Since I started writing this column on technology a couple of years ago, two things have been eminently predictable. One is Elon Musk, the richest man in the world now, doing unpredictable things: Boring tunnels, implanting chips in pigs’ brains, and christening his son unpronounceably. The second is the unpredictability of Bitcoin and cryptocurrency volatile, erratic, yo-yoing between $3,000 and $50,000 in this short time, and being simultaneously hailed as the next big thing or dismissed as a ‘digital tulip’, as speculative as the tulip mania of the mid-1600s. So, it was interesting when the two came together in a rather risqué cartoon tweeted by Musk, showing a pious pri ....

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옐런 "비트코인, 투기성 높아…투자자 보호 위해 규제 필요"

옐런 "비트코인, 투기성 높아…투자자 보호 위해 규제 필요"
news1.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news1.kr Daily Mail and Mail on Sunday newspapers.

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