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Commonwealth Bank of Australia Plans to Integrate Cryptocurrencies into Its Banking App

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Today’s Cryptocurrency Headline

The Commonwealth Bank of Australia (CBA), Australia’s largest commercial bank, is planning to integrate cryptocurrencies into its banking app, which will allow its 6.5 million banking app customers to hold and use Bitcoin and other cryptocurrencies, according to the Australian Financial Review. Commonwealth Bank of Australia was founded in 1912 and is listed on the Australian Stock Exchange. It is an international financial services company providing banking, fund management, pension and brokerage services to retail, commercial and institutional clients.

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SEC Chairman Gary Gensler is stepping up regulation of the cryptocurrency industry. In an interview with Fortune, Gensler said that the more tokens the platform offers, the more likely they are to participate in securities trading. Gensler, though, encouraged companies to report their products to the SEC for more information. But he has made it clear that there will be no exceptions for future regulations. Bitcoin price is currently trying to break through the $65,000 pressure level and if it does, it is expected to resume its rally.