17/6/2024, 11:51:03 am

Tough regulations are coming for the cryptocurrencies sector

Tough regulations are looming for the $1.7tn crypto market, which has 106 mn users worldwide. Recent restrictions in China & UK have impacted cryptocurrency exchanges, & govts aim to restrict access to guarantee adoption & success of their own digital currencies. The UK's Financial Conduct Authority has only registered 5 crypto asset firms leaving most exchanges operating without regulations.