Original Article
Trump orders federal agencies to pool seized bitcoins in reserve.Source: Ars Technica
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The US government has ordered federal agencies to pool seized bitcoins into a reserve. This move is reportedly aimed at increasing oversight and regulation of cryptocurrency transactions. The implications for the cryptocurrency market are uncertain, but it may lead to increased volatility and investor caution.Law enforcement agencies may view this as a valuable tool in tracking down cybercrime perpetrators. However, concerns surround the potential for asset freezing without due process, raising questions about ownership and control. As the regulatory landscape continues to evolve, it is essential to consider the long-term consequences of such actions.The move also sparks debate on the role of government in regulating cryptocurrencies. While some see this as a necessary measure to combat illicit activities, others argue that it may stifle innovation and legitimate uses of these technologies.
Source: Ars Technica
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