Bitcoin falls more than 10 per cent with investors nervous about a regulatory clampdown in the US – NEWS.com.au

The price of bitcoin plunged more than 10 per cent on Thursday amid fears of a US regulatory crackdown on the controversial cryptocurrency. Janet Yellen, President Joe Biden’s pick to head the Treasury, gave investors the jitters when she voiced worries this week that the anonymous currency could be used by criminals – provoking fears of a regulatory clampdown under the Biden administration.
“I think many are used, at least in a transactions sense, mainly for illicit financing, and I think we really…

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