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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.”.

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Bitcoin Daily: Estonia eResidency Participants Connected To Crypto Schemes; KuCoin Freeze Stays In Effect Following Hack

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In a report, the Financial Intelligence Unit said that firms registered in other nations and led by eResidents have participated in “a few large-scale exit scams," Bloomberg reported. Approximately 70,000 virtual IDs have been provided to eResidents from 174 nations. Estonia is a country of 1.3

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Bitcoin Daily: France Votes To Include Crypto In Insurance Contracts; VC Draper Could Team With Facebook For Crypto Venture

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The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN.

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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.

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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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The billionaire investor said per Inc42 , as cited by the Cointelegraph report, “I met several Bitcoin and crypto startups while I was in India last week. I hope to be able to fund a number of them.”. Beyond Draper, WazirX and Binance publicized their $50 million “ Blockchain for India ” fund earlier this month.

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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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In other news, one Congressional official believes that China’s central bank will become the first to issue its own national digital currency. “I As for Facebook’s Libra, Qifan doesn’t have high hopes for the social media giant’s crypto plans. “I I personally don’t believe Libra will succeed,” he said.

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Bitcoin Daily: Haiti Home To Blockchain Surge; Fraudsters Use Fake Crown Prince Story To Steal Users’ Bitcoin

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The post reportedly directed victims to a fake story about Sheikh Mohammed bin Zayed, the crown prince of Abu Dhabi and deputy supreme commander of the armed forces, claiming that he wants to make people rich via a fake bitcoin trading platform. We have had official dialogue with Facebook.

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