The Cryptocurrency Act 2020: Everything You Need to Know – January 8

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$8,348

Bitcoin price has blown past the $8,000 mark, up over 2% for the day to settle on $8,348.

Top-20 altcoins are looking steady, with XRP and Ethereum each moving less than 1% over the last 24 hours. Tezos is today’s largest gainer, up over 5%.

Top Stories for January 8, 2019 🔥

👉 The Cryptocurrency Act 2020: Everything You Need to Know

The Cryptocurrency Act 2020 is a bill proposed in the United States, which could affect millions of Americans.

The bill will break cryptocurrencies into multiple classes, separating the likes of Bitcoin and Litecoin with other crypto assets such as those which qualify as securities.

Authorities which will oversee regulation include the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Financial Crimes Enforcement Network.

👉 Law Enforcement Data Requests Rose almost 50% at Kraken in 2019

Information from Kraken’s yearly compliance report has shown a 49% increase in the number of data requests that the exchange has received from law enforcement agencies.

The statistic quantifies claims of a wider crack-down by law enforcement on criminals who use cryptocurrencies.

👉 Telegram Will Not Merge Wallet and Messaging Apps

Telegram has released a statement that it will not be combining its cryptocurrency wallet and messaging apps.

The decision was made in consideration of the SEC’s pending decision on whether or not the platform’s TON token qualifies as a security.