Recovery rally takes bitcoin back above $40k; Treasury proposal weighs on gains
https://www.reuters.com/article/us-crypto-currency/recovery-rally-takes-bitcoin-back-above-40k-treasury-proposal-weighs-on-gains-idUSKCN2D108D
LONDON/TOKYO/NEW YORK (Reuters) -A rebound in bitcoin held strong on Thursday, even as the U.S. Treasury Department called for new rules that would require large cryptocurrency transfers to be reported to the Internal Revenue Service and the Federal Reserve flagged the risks cryptocurrencies posed to financial stability.