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Bitcoin Daily: China Regulator Eyes Digital Currency Veteran As Chief; Crypto Firm Founder Charged With ICO Fraud

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The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s central bank digital currency initiative. .

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Bitcoin Daily: US Treasury’s Mnuchin Says ‘Significant’ New Crypto Rules In Works; Spain’s FC Barcelona To Create Team Token

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12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). In other news, soccer powerhouse Barcelona is teaming with Chiliz, a FinTech platform, with the intent of creating its own blockchain-based token for the team.

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Crypto 2020: One Step Up; Two Steps Back

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Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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Bitcoin (And Other Crypto) Use Cases Fizzle, Bit By Bit?

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Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Favor has met with disfavor, and bitcoin now trades at $3,990 — a bit above nadirs around $3,400 and well off highs that neared $20,000.

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Blockchain Begins Earning Some Bitcoin-Like Skepticism

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Alas, there is no such thing as a sure bet, especially in the world of FinTech. Bitcoin and blockchain creator Satoshi Nakamoto developed these tools nearly a decade ago, he said. Titcomb isn’t alone in questioning whether blockchain is a bitcoin-like bubble. Broader Doubts Emerge. That is the theory,” he continued.

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Libra Association Pursues FINMA Payment License

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The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation. We are engaging in constructive dialogue with FINMA and are encouraged to see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system.”.

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Russian Central Bank Testing Digital Currencies

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Regulators of all countries agree that it’s essential to develop a national digital currency, that it is the future,” Skorobogatova said. ” Reuters noted that in the past Russian authorities have been weary of digital currency bitcoin, arguing it could be used for money laundering or to bankroll terrorism.