Cryptocurrency Analysis and News Portal
In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto. As the local Ministry of Finance announced on Wednesday, June 8, various ministries of the Lithuanian government approved legal amendments
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Bitcoin (BTC) remains below $40,000 for the third consecutive day and the most likely source of the volatility is the worsening condition of traditional markets. For instance, the S&P 500 is down 5% since April 20 WTI crude price dropped 9.5% in seven days, erasing all of the gains accrued
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Japan plans to amend its Foreign Exchange and Foreign Trade Act to bring crypto exchanges under the purview of laws that govern banks, a government official revealed on Monday. The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets.Chief Cabinet Secretary Hirokazu
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Image Despite the tightening sanctions against Russia, crypto trading in the country continues. Russian investors appear to continue to conduct transactions in BTC and other cryptocurrencies. Data from Kaiko, a blockchain analytics firm indicates that Ruble-bitcoin trading volumes rose on Saturday, making this the highest level in 2022. The majority of ruble-denominated
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Bitcoin is currently down on the charts and has broken below $35,000 as at the time of this writing. As the crisis between Ukraine and Russia rages on, with reports of the latter already invading the former, the markets have taken a beating down even before the financial markets open
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The U.K. government said it plans to strengthen the rules governing crypto ads to bring them in line with other financial assets.The rules will increase consumer protection at the same time as they encourage innovation, the Treasury said in a statement Tuesday.The Treasury published a consultation response, saying that proposed
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Cryptocurrency’s usage as a payment vehicle/exchange of value is what should drive its valuation in the long run. However, the market has been trading most cryptocurrencies like speculative risk assets, as evidenced by the correlation between bitcoin and equity markets in the last six months, the report said. Source
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