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US Treasury Secretary Sees Libra As National Security Threat

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Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187
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Bitcoin Daily: SEC, Kik In Court Over Token Sale; Billionaire Tim Draper Eyes Investing In India’s Crypto Sector

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Both Kik and the Securities and Exchange Commission (SEC) are seeking a quick end to their legal dispute, CoinDesk reported. It contended that it had not had an unregistered securities sale as of the beginning of 2018 when the SEC first acted. securities rules. Kik contended in its summary judgment motion that it followed U.S.

Bitcoin 132
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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

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A South Korean court referenced the coins saying they “have been recognized only as a function of currency and have not been subject to income tax, but recently, virtual assets (like Bitcoin) are increasingly being traded as goods with property value. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170
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Bitcoin Daily: IADB Tests Blockchain For Registering Land; Crypto Platform Bakkt To Team With Starbucks For Mobile Payments Pilot

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Phase One will involve figuring out how to connect land registries to the blockchain in a secure way, as well as what technology to use. In other news, one Congressional official believes that China’s central bank will become the first to issue its own national digital currency. “I

Bitcoin 102
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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 Daily: Japan’s LINE Approved For Crypto License; Binance To Soon Launch US Branch

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LINE will reportedly offer two tokens — LINE Point in Japan and LINK for other nations — to connect users and service providers. Setting up a new account will require a valid government ID (driver’s license or passport) and social security number (SSN) to register for access to the Binance.US marketplace, available in most U.S.

Bitcoin 149
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Bitcoin Daily: South Korean Crypto Startup Steals $2.7M In Exit Scam; Venezuela Wants World’s Oil Market To Use Petro

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According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro.

Marketing 179