The adoption of crypto law in Ukraine has been slowed mainly due to the need to adapt it to tax and civil codes, an official told Cointelegraph in an exclusive interview.
According to sources, Visa and Mastercard will delay the launch of new blockchain partnerships until market conditions improve and a clearer regulatory framework is established.
The financial services industry in the U.S. is one of the most highly regulated industries in the world. There is a complex and overlapping mixture of regulators at both the state and federal levels, and banks and other financial entities shoulder a considerable burden to constantly remain up to date and in compliance with the rules. Not everyone follows the rulebooks, however.
BitcoinBTC +1%, ethereum and other major cryptocurrencies have rocketed into 2023, soaring despite growing fears the U.S. could be waging a “quiet” war on crypto.