Crackdown on cryptocurrencies may be coming, warns Kraken CEO ...News

Governments around the world could start clamping down on the use of bitcoin and other cryptocurrencies, according to Jesse Powell, the chief executive of the Kraken exchange. “I think there could be some crackdown,” the CEO told CNBC, adding that regulatory uncertainty around crypto isn’t going away anytime soon. Powell’s words follow a recent anti-money laundering rule proposed by the US government that would require people who hold their cryptocurrencies in a private digital wallet to undergo identity checks if they make transactions of $3,000 or more. “Something like that could really hurt crypto and kind of kill the original use c

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