Kraken’s attainment of crucial licenses in Europe signifies a strengthening of regulatory alignments in the continent. Conversely, Chase Bank UK’s impending restrictions on cryptocurrency transactions underscore the rising concerns related to fraudulent activities in the crypto domain. Additionally, the recent security breach at HTX highlights the persistent security challenges faced by crypto platforms, with Binance contributing to the ensuing investigation. On the regulatory front, Taiwan’s Financial Supervisory Commission is instigating stringent norms, necessitating compliance from local and global exchanges. Meanwhile, political and administrative turmoil in Venezuela is impacting its crypto oversight body, Sunacrip, extending its shutdown amid allegations of corruption and ongoing disruptions in the country’s crypto sector.
