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Senator Chuck Schumer pledges pro-crypto laws if Harris is president

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Chuck Schumer, the majority leader of the United States Senate, says he will make it his goal to introduce pro-crypto legislation by the end of this year if Kamala Harris is elected president.

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Hong Kong warns against crypto firms misrepresenting as ‘bank’

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Hong Kong’s central bank said that it’s illegal for unlicensed companies to represent themselves as banks in Hong Kong. 

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Coin Market

EU regulator sets restrictive measure guidelines for crypto providers

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Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU’s restrictive measures regimes.

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South Korea probes Upbit for 600K KYC violations

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Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.

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