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The Great Smoky Mountain Journal

Source:  Fox News

Posted: Tuesday, January 01, 2019 02:24 PM

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OPED: Bitcoin Does Not Need To Be Banned, But It Needs To Be Regulated

Bitcoin’s Opens a New Window. price has slowly crept back to nearly $11,000 after it fell from almost $20,000 to below $10,000 Opens a New Window. , but the cryptocurrency’s volatility has added to concerns from investors and governments around the globe. South Korea has threatened a ban of bitcoin, while countries such as India have started to regulate it.

“I’ve argued we should not ban it, I mean, we don’t have a tradition of banning the assets or investment choices by the market. But I do think some regulation is important. We’re seeing the CFTC the SEC, the Treasury Department move in that direction,” Former FDIC Chair Sheila Bair told FOX Business’ Connell McShane on “Mornings with Maria.”