Crypto At a glance US Regulators Seeking Trading data of Bitcoin Exchanges

Crypto At a glance US Regulators Seeking Trading data of Bitcoin Exchanges

US Regulators Seeking data of Bitcoin Exchanges Investigators from the US government, who are probing allegations of manipulation in Bitcoin market pricing, have sought comprehensive trading data from Bitcoin exchanges,


the Wall Street Journal reported, citing people familiar with the matter. Bitcoin futures, which was launched on CME in December, derives their final value from prices at four bitcoin exchanges including Bitstamp, Coinbase, itBit, and Kraken.

US Regulators Seeking data of Bitcoin Exchanges

The Korean government has been actively devising cryptocurrency countermeasures. Following the inspections of the six banks, the FIU created a set of anti-money laundering guidelines for banks to follow when dealing with cryptocurrencies. Concurrently, the regulators also published their countermeasures for cryptocurrency regulations which they promised back on December 28. Earlier this month, the government also mandated that crypto exchanges share their user data with banks under the new real-name account system.

A Korean financial official was quoted by the Korea Times saying, “It seems like the whole world is wondering about our virtual currency countermeasures.”

According to Maekyung, on January 25, US Treasury Secretary Sigal Mandelker discussed how to strengthen anti-money laundering measures related to cryptocurrencies as well as international cooperation measures with Vice Chairman of the Korean Financial Service Commission (FSC), Kim Yong-bum. Mandelker said at a US Senate Banking Committee hearing on the Anti-Money Laundering Act:

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