Why US Businesses May Stop Accepting Cryptocurrency

By John Reed Stark (January 12, 2022, 4:22 PM EST) -- It may be time to sound the death knell for U.S. businesses accepting bitcoin and the rest of the 8,000[1] or so cryptocurrencies that currently circulate.

Two startling yet barely noticed recent regulatory developments, one enacted into law last month and the other likely imminent, are on course to dramatically curtail the number of U.S. businesses that will accept cryptocurrency.

In case you missed it, President Joe Biden has commenced a cybercrime crackdown with an innovative and groundbreaking twist. In an unprecedented maneuver to combat the growing menace of cyber-related crimes, the Biden administration is targeting not only the criminals themselves...

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