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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. ....

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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. ....

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Mastercard to open up network to select cryptocurrencies

Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support. ....

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Wall St. set to open near record highs on stimulus hopes

The Nasdaq and S&P 500 eked out modest gains on Thursday with investors betting on more fiscal stimulus, but U.S. President Joe Biden said China was poised to "eat our lunch," a warning that tempered enthusiasm for a market near record highs. ....

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Visa temporarily suspends all political donations

Visa Inc said on Tuesday its political action committee had temporarily suspended all donations last week as it reviews its candidate contribution guidelines. ....

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