Bitcoin around $47,000 after recent declines

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Bitcoin hovered around $47,000 Thursday morning after declining for two consecutive days.

Bitcoin remains up more than 13% month-to-date and higher by almost 2% year-to-date.

A license shows that crypto firms have sufficient controls to stop money laundering or terrorist financing. Firms still operating under a temporary license on Wednesday include relatively large players such as Copper Technologies and Revolut.In other cryptocurrency news, a Bank of Japan official said G7 policymakers must speed up creation of a common framework to regulate digital currencies.

 

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