Media: Bithumb stops serving traders from 21 countries

Media: Bithumb stops serving traders from 21 countries

South Korean cryptocurrency exchange Bithumb has stopped serving traders from 21 countries due to the tightening of anti-money laundering measures under the FATF directive. According to local media reports, Bithumb has banned traders from 21 countries from opening new accounts and froze existing user accounts. These actions were implemented in order to comply with the requirements of the Financial Action Task Force on Money Laundering (FATF), as well as to improve investor protection and increase…

U.S. Congressmen Introduce Bill to Clarify Cryptoasset Regulation

U.S. Congressmen Introduce Bill to Clarify Cryptoasset Regulation

US lawmakers have proposed creating a working group, which will include representatives from the SEC and CFTC, to assess the current regulatory framework for cryptocurrencies and make recommendations for changing it. Members of the US House of Representatives Patrick McHenry and Stephen Lynch have presented a bill that will help clarify the regulation of cryptoassets. The bill calls for the creation of a working group composed of industry experts, representatives from the Securities and Exchange…