Treasury Department on Thursday called for new rules that would require large cryptocurrency transfers to be reported to the Internal Revenue Service and the Federal Reserve flagged the risks cryptocurrencies posed to financial stability. Rather, it's speculative instrument," CCTV said, adding the cryptocurrency is a lightly-regulated asset often used in black market trade, money-laundering, arms smuggling, gambling and drug dealings.
"Bitcoin is no longer an investment tool to avoid risks. Even several experienced investors are more likely to use auto trade functions to control their risks and achieve desired profits. You can set up these bots to do the bidding on your behalf with great accuracy and precision while you can enjoy guaranteed profits. NEW YORK/LONDON, May 21 (Reuters) - Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.
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