The US Congress proved cryptocurrency useless when it comes to financing terroristic activities, as none of such attempts resulted in success.
The vice president of the European Commission said that crypto assets have future in the EU but it is necessary to classify and to regulate them.
With debate over the crypto regulation dominating the news, Mistertango – first crypto-friendly electronic payment provider, revealed that 88% of crypto exchanges, contrary to popular opinion, want regulation, seeing it essential for industry to mature.
Bitcoin declines by over 6% in the last 24-hours while the overall cryptocurrency markets lost over $20 billion.
Despite high-ranking government officials still speak about cryptocurrencies very cautiously, the fact that crypto-summits take place and officials are following crypto-market developments shows the potential for widespread crypto adoption.
The latest Congressional Hearing had academic, engineering and entrepreneurial experts discussing how digital currencies should be dealt amid the existing need of innovation and education in this space.
The FSC revised its rules to apply strengthened policies in order to prevent or detect money laundering and illegal activities because they aren’t opposed to cryptocurrencies.
From now on the cryptocurrency exchanges of South Korea form a new industry named “Cryptocurrency Exchange and Brokerage” able to operate at a large capacity with full government support.
South Korea’s Financial Services Commission has revealed its new anti-money-laundering and know-your-customer rules for for crypto exchanges.
In the nearest future, regulated crypto custody services are believed to be introduced across the crypto industry and bring significant changes.