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Crypto Regulation Becomes Major Concern For Biden Administration

 The Biden Rule is serious with the concern of investors' protection. And for that, it is looking forward to inspecting the cryptocurrency market. 


For that, there have been various meetings between law bodies, bankers, and officials of the White House. It was all regarding the crypto regulations at the time of price swings. 


Indicating Cryptocurrency Risk


It all came with the briefing by the Treasury Department that pointed towards the risks involved in dealing with cryptocurrencies. 


Officials of OCC and CFPB were also involved in taking up this matter. 


It is not new when the suspicion over cryptocurrency regarding its use has been discussed recently. 


Digital currencies have been previously looked at with suspicion of being used for unlawful methods like money laundering and terrorist funding. 


The instability in the current market has raised concerns about digital currency including the Bitcoin mining being affected by environmental changes. 


Misuse of Cryptocurrency


Many officials from the government think that the use of cryptocurrency can be a great advantage for bad characters in executing their unlawful means, without getting tracked. 


Hence, money transfer would become easier for them. 


Well, it is not that wrong to think in that direction. Because there have been instances of scams, and phishing practices that made investors cheated. 


So if the Biden government raises this issue of cryptocurrency regulation then it must be taken seriously.


To know any latest updates on cryptocurrency, then log on to Cryptoknowmics, the best leading crypto site. Here you can also read the everstryke match review.



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