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Bitcoin crashes as El Salvador rollout falters: Check details here

SEC issued Coinbase with a Wells notice, indicating the US regulator will sue if the crypto exchange goes ahead with the launch of its interest-bearing "Lend" product for crypto assets

bitcoin, cryptocurrency, digital, exchanges
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Tuesday was a historical day for bitcoin as El Salvador’s decision to make the digital currency legal tender got off to a bumpy start.

Reuters New York
Volatility in bitcoin eased but trading remained subdued on Wednesday, a day after El Salvador adopted the crypto asset as legal tender but the threat of a US lawsuit against crypto exchange Coinbase Global underscored the rocky road ahead for cryptocurrencies.
 
The Securities and Exchange Commission issued Coinbase with a Wells notice, indicating the US regulator will sue if the crypto exchange goes ahead with the launch of its interest-bearing “Lend” product for crypto assets. Coinbase said it would delay the launch until at least October. Shares of Coinbase last traded down 3.50 per cent at $257.43.
 
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