EF: BUSINESS-FUTURE-MONEY

The first UK crypto regulation to set ‘robust’ standards

LONDON, Jan 31 (Reuters) – Britain’s Treasury is planning “tough” regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions nursing billions of dollars in losses. Crypto is currently unregulated globally, and companies only have to carry out checks to prevent money laundering. However, the UK’s Financial Conduct Authority …

The first UK crypto regulation to set ‘robust’ standards Read More »

Crypto crime to reach record $20 billion in 2022, report says

LONDON, Jan 12 (Reuters) – Illegal use of cryptocurrencies reached a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions surged, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market faltered in 2022, as risk appetite decreased and various crypto companies failed. Investors were left with heavy losses, …

Crypto crime to reach record $20 billion in 2022, report says Read More »