Welcome to the Crypto News Roundup! Today, Bitcoin has reached a new all time high and the U.S. is looking to regulate self-custody wallets.
Bitcoin’s price has been on a steady rise since the start of the year and it’s now reached an all time high of over $63,000 USD per coin. This surge in price has been fueled by institutional investors who are increasingly looking to bitcoin as a store of value.
In other news, the U.S. Treasury Department is looking to regulate self-custody wallets, which are popular among crypto traders. These wallets allow users to store their own digital assets without relying on a third party. The proposed regulations would require users to submit identifying information when opening a wallet or transferring funds. This move is aimed at reducing the risk of money laundering and other illegal activities.
That’s all for today’s Crypto News Roundup. Tune in next week for more news about the crypto space.
