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Bitcoin experienced an extreme crash today, dropping to $8,200 on Binance’s US platform. This decline was an 87% fall from $65,815 and was only brief before the coin climbed back up again. The crash comes after Binance’s CEO tweeted “Expect very high volatility in #crypto over the next few months.” 

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According to a report that was commissioned by the Select Committee on Financial Technology and Regulatory Technology, Australia should create a new regulatory regime for cryptocurrency to encourage business onshore and to help the country to compete with the UK and Singapore. 

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