Crypto businesses in the U.K. have been struggling to meet AML standards set by the Financial Conduct Authority, according to the economic secretary to the Treasury.
In a recent tweet explaining why Tesla would no longer accept bitcoin, Elon Musk displayed a poor understanding of Bitcoin’s energy use.
Bitcoin is “already on its way and it’ll be impossible to shut it down,” Ark Investment Management’s Cathie Wood said.
Turkish regulators have tightened their grip on cryptocurrencies, but small traders and investors appear to have barely noticed.
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