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US government to roll out cryptocurrency rules

From asiatimes.com

The Trump administration plans to introduce regulations for cryptocurrencies that are intended to crack down on their use in facilitating money laundering and other illicit activities, Treasury Secretary Steven Mnuchin said on Wednesday, according to a report in The New York Times. Mnuchin told lawmakers that the regulations were being developed with other agencies and financial regulators to improve transparency surrounding digital currencies like bitcoin. The administration has expressed growing concern over the use of such currencies to anonymously execute illegal transactions and potentially evade American ... (full story)

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