The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019.
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Bitcoin price falls as the U.S. Justice Department opens a criminal probe of bitcoin trading.
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The SEC has sent subpoenas to dozens of people and companies behind the rise of so-called initial coin offerings, a clear sign of the agency’s desire to rein in the popular new fundraising method.
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The virtual currency boom has gotten so heated that it is throwing the list of the world’s richest people into disarray with a bitcoin executive risely quickly to rank among the wealthiest.
Read MoreA bitcoin mining company in Slovenia has been hacked, for the possible theft of tens of million of dollars, renewing questions about the security of the virtual currency just days before it is due to start trading on major U.S. exchanges.
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