News Snapshot:
Bitcoin Ethereum News Concerns regarding illicit activities, such as money laundering, have led to an increased call for the regulation of cryptocurrencies, in the hope that balanced regulation will improve the industry. While countries such as the U.K, Singapore, and the U.S, have taken actions to comply with the recommendations from the Financial Action Task Force (FATF), Hong Kong has taken this one step further, and introduced a proposal to effectively ban retail trading of cryptocurrencies . Through this proposal, existing anti-money laundering and counter-terrorist financing policies will be enhanced and broadened to include cryptocurrencies. Government plans to turn this...
