The European Union is currently in the process of creating a new regulating body, which will directly oversee crypto businesses.
| August 15, 2022 | August 15th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has started this week more or less where it ended up Friday, once again hovering around the $24,000 mark after a failed break through $25,000. |
| Top-20 altcoins are mostly down over the last 24 hours of trading, as Ethereum drops 3%, BNB is down 1% and Shiba Inu corrects 10% after a weekend pump. |
Top Stories for August 15, 2022 🔥 |
| The European Union is currently in the process of creating a new regulating body, which will directly oversee cryptocurrency-based businesses. |
| The Anti-Money Laundering Authority (AMLA) will monitor at least those crypto firms that are deemed high-risk – however, many negotiations are left to take place before the organization is established. |
| Staffing and the implementation of the regulation is still estimated to take years, but it appears to be highly likely that the body will be created. |
| Digital banking firm Revolut can now offer crypto services to its 17 million customers across the European Economic Area (EEA), following authorization by the Cyprus Securities and Exchange Commission. |
| Revolut is valued at $33 billion and offers exposure to around 80 different crypto assets, including 20 new listed assets to begin August. |
| Crypto investment company Galaxy Digital has terminated its acquisition of custody firm BitGo, citing a breach of contract. BitGo reportedly failed to deliver audited financial statements for 2021, by the July 21 deadline last month. |
| The acquisition was planned as part of Galaxy's plans to go public in the United States, which according to CEO Mike Novogratz is still one of the company's primary goals. |
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