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The new proposed regulations are aimed to combat money-laundering, tax evasion, and terrorist financing. In a letter sent to all G20 finance ministers, the French and German finance ministers did not only address the risks of unregulated cryptocurrency trading, but they also outlined the benefits that cryptocurrencies and blockchain technology may offer to various industries and sectors.

What do you think about the watchdogs decision on. Do you think that cryptocurrency-based binary options should be regulated. In doing so, Merriam has also suggested that Bitmain may already be mining with said ETH ASICs.