South Korea is trying to rid its crypto sector off miscreants who are exploiting digital assets to facilitate illicit activities like money laundering. The country is conducting a crackdown on crypto activities that are coming across as suspicious or unusual on the crypto exchanges operating in the Asian nation. On…
The UK has officially recognised cryptocurrencies as a regulated financial sector under the Financial Services and Markets Act 2023. Proposed as a bill, this development made the Financial Services and Markets Act 2023 a legitimate law in the UK on Friday, June 30. The bill has been stamped with King…
The European Parliament on Thursday overwhelmingly backed the European Union‘s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against to approve the world’s first comprehensive set of regulations for issuing and trading cryptoassets such as bitcoin. “This regulation brings a competitive advantage…
JP Morgan, one of the largest banks in the US, has not shied away from expressing its belief in the crypto sector despite the fluctuations affecting the market. As highlighted in its latest Global Markets Strategy report, JP Morgan is expecting the crypto industry to undergo significant changes with the…
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