US Treasury Seeks Expanded Crypto Powers
US Treasury Seeks Broader Crypto Oversight
A proposed rule change would significantly expand the US Treasury's power over crypto platforms, including those operating internationally. This move signals a potential increase in regulatory scrutiny of the crypto industry, impacting both domestic and overseas activities.
Key implications of this proposed change include:
- Increased regulatory reach over international crypto platforms.
- Potentially stricter enforcement of existing regulations.
- Uncertainty for businesses operating in the crypto space.
China's Crypto Crackdown Intensifies
Separately, a major Chinese investment bank has banned bearish research on cryptocurrencies and displays of wealth. This action reflects a tightening regulatory stance in China, further limiting crypto-related activities.
This move suggests:
- A continued effort by China to control narratives around crypto.
- Increased risk for those engaging in crypto-related research or demonstrating wealth.
Navigating the Evolving Crypto Regulatory Landscape
The evolving regulatory landscape necessitates a proactive approach to navigating compliance. Codeum, a blockchain security and development platform, can help you mitigate risks and ensure adherence to evolving regulations. Our services include:
- Smart contract audits
- KYC verification
- Custom smart contract and DApp development
- Tokenomics and security consultation
- Partnerships with launchpads and crypto agencies
Contact us today to learn how we can support your crypto project's security and regulatory compliance.