# Bitcoin on balance sheet attracts negative attention from anti-crypto banks

# Bitcoin on balance sheet attracts negative attention from anti-crypto banks

“# Bitcoin on balance sheet attracts negative attention from anti-crypto banks ” MicroStrategy’s continuous Bitcoin acquisition has drawn the ire of investment banking giant HSBC. Despite being one of the largest business intelligence firms in the world, HSBC has stated that MicroStrategy is now a “virtual currency product,” a designation akin to the pseudo-Bitcoin exchange-traded…

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# Bitcoin price drops to K, liquidating almost B

# Bitcoin price drops to $52K, liquidating almost $10B

“# Bitcoin price drops to $52K, liquidating almost $10B ” Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China, US rumors lead the BTC sell-off Cointelegraph Markets Pro and TradingView showed a brutal hour…

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# The crypto FBAR: Implications beyond

# The crypto FBAR: Implications beyond

“# The crypto FBAR: Implications beyond ” The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency…

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