Crimea Could Set Up Cryptocurrency Exchange. The Crimean government could set up a cryptocurrency exchange. The authorities in Crimea are also looking to create a cryptocurrency fund for foreign investors to evade US and European sanctions. The government expects to accumulate foreign cryptocurrency resources at the fund to convert them into cash. The funds will be invested in projects on the territory of the peninsula
EU to require verification of cryptocurrency owners. Members of the European Parliament voted 574 to 13 with 60 abstentions to approve new anti-money laundering measures, which envisage closer control on virtual currencies. The new rules address risks linked to prepaid cards and virtual currencies and require customer verification for cryptocurrency owners.
Huobi crypto exchange expanding to London. Singapore-based crypto exchange Huobi is planning to set up office in London as it seeks to continue the expansion beyond Asia, Crypto Briefing reported. The platform sees London as “the most active trading scene across Europe.” London is only the latest in a series of locations that Huobi has designated for new offices. The company launched operations in South Korea earlier this year and is in the process of launching operations in San Francisco.
South Korean crypto exchanges establish self-regulation rules. The Korean Blockchain Industry Association has announced a set of rules for 14 of its exchanges, such as Bithumb, Coinone, Upbit, Korbit and others. The association, founded in December 2017, includes 33 South Korean exchanges. Its main purpose is to boost transparency and counter money laundering attempts.
The total cryptocurrency market capitalization stands at $355 470 018 078.
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By Siranush Ghazanchyan