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U.S. Sanctions Over $100M in Crypto Linked to Iranian Oil
The U.S. sanctioned people & entities in Iran, UAE, Hong Kong for moving more than $100M in cryptocurrency derived from Iranian oil sales and using crypto networks to bypass sanctions.
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“American Bitcoin” Mining Company Launches
Co-founded by Eric Trump and Donald Trump Jr., “American Bitcoin” (merged with Gryphon Digital Mining) has gone public. It holds some BTC and is aiming to use mining operations in the U.S. to grow further.
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Roundtable for Bitcoin Strategic Reserve in US
Executives from major crypto companies and U.S. lawmakers met to support the Bitcoin Strategic Reserve Act. This would allow the U.S. government to acquire up to 1 million BTC over five years, aiming for it to be held long term, almost like "digital Fort Knox."
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UK Proposes Loosening Some Rules for Crypto Firms
The UK's FCA is proposing to exempt crypto firms from certain standards normally required in financial services — things like integrity, diligence, care, and putting customers first.
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