US Government publishes enforcement framework

Attorney General publishes enforcement framework

The US government is imposing new regulations on cryptocurrencies, and is already taking actions against both people and companies who they deem to be ‘bad actors’ in the cryptocurrency space.

The FBI insists that the framework is only for those who use cryptocurrency illegally, but many are voicing concerns over the government interfering with legitimate blockchain businesses.

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In the news

7 years after the Silk Road was shut down and the government seized close to 200,000 Bitcoin from associated accounts, $4.8 Billion worth of Bitcoin is still missing from the dark web marketplace today.

As online sleuths and federal investigators work to locate the missing coins, it remains to be seen whether the digital treasure chest will ever be found.

On early Sunday morning, some of the oldest Bitcoins in existence were moved, echoing similar actions taken just before the ‘Black Thursday’ market collapse earlier this year.

The rarity concerning movement of early-era Bitcoin have led to speculation that the person or group behind the movement could be the elusive Satoshi Nakamoto.

Earlier this year, Microstrategy became the first publicly traded company to move a significant amount of its cash reserves into Bitcoin.

Microstrategy still tops the list with $433 million dollars worth of Bitcoin in its reserves, but companies like Jack Dorsey’s Square, Inc, Galaxy Digital Holdings, and Voyager Digital LTD have all made significant moves into Bitcoin in recent weeks.

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bitFlyer Europe launched a new cross-border trading feature, which gives users access to the deep liquidity of the Japanese bitcoin market from Europe, which is one of the largest bitcoin markets in the world. For the very first time, all European users can trade BTC/JPY pairs under the umbrella of the European-regulated platform.

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