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BitcoinBitcoin (Credit: Anatoly Vartanov/Shutterstock.com)

The market for digital currencies has taken off faster than regulatory agencies could keep pace. With favored currencies like Bitcoin trading at a record high of $4,700 as of Aug. 29 and a robust international market emerging, these agencies are making moves to regulate initial coin offerings (ICOs), the way by which cryptocurrency ventures raise funds.

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