Bitcoin Suffers Effects Of US, China Crypto Crackdown In Volatile Quarter


Source: todayuknews.com todayuknews.com

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Bitcoin came under one of the most intense regulatory crackdowns in its brief history during the third quarter, choking off attempts by traders to lift the digital currency out of its steep spring selloff.The governments of the two largest economies in the world took direct aim at bitcoin and the cryptocurrency market. In the US, agencies like the Securities and Exchange Commission haveu00a0promisedu00a0a crackdown on the sector. The Treasury Department is preparing a report on stablecoins u2014 digital currencies that tout values fixed to the dollar u2014 amid concern about their potential to cause problems in both crypto and traditional...