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Clear crypto rules urgently needed as major companies embrace asset - SEC official

A clear cryptocurrency regulatory regime is urgently needed as major companies like Tesla Inc, BNY Mellon Corp and Mastercard Inc embrace the alternative asset class, a top Securities and Exchange Commission (SEC) official said.

PayPal unlikely to invest cash in cryptocurrencies: CNBC

By Reuters Staff 2 Min Read (Reuters) - PayPal Holdings Inc is not likely to buy cryptocurrencies such as bitcoin, the payments processor’s Chief Financial Officer John Rainey told CNBC on Thursday. FILE PHOTO: The PayPal app logo is seen on a mobile phone in this illustration photo, Oct. 16, 2017. REUTERS/Thomas White/File Photo “We’re not going to invest corporate cash, probably, in sort of financial assets like that, but we want to capitalize on this growth opportunity that’s in front of us” Rainey said in a CNBC interview. PayPal said in October it will allow U.S. customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.

Mastercard to open up network to select cryptocurrencies

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