UK and US to work more closely on crypto regulation

💼 UK and US to work more closely on crypto regulation 🪙 Central African Republic bets on Bitcoin 👻 June was a tough month for cryptocurrency trading, with most exchanges seeing a drop in volume

GM. vEmpions! Welcome to our Newsletter that tells you what's going on in crypto every day!Let’s jump down the crypto rabbit hole together!

💼 UK and US to work more closely on crypto regulation 🪙 Central African Republic bets on Bitcoin👻 June was a tough month for cryptocurrency trading, with most exchanges seeing a drop in volume

vEmpire just opened its first USDC stablecoin staking pool… don’t miss out on this great opportunity, start earning passive income https://app.v-empire.io/ (make sure your wallet is on the BSC chain).Don’t forget to rate us when you are done reading!

UK and US to work more closely on crypto regulation

Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), has announced that the UK and US will be working more closely on regulation of cryptocurrencies.

Speaking at the Peterson Institute for International Economics, Mr Rathi set out the FCA's regulatory priorities with regards to digital assets.He emphasized the need for a coordinated global approach to crypto regulation, and stated that the UK and US would be taking steps to strengthen their partnership in this area.

The United Kingdom government has set out its plans to support the safe adoption of cryptocurrencies and to clamp down on their use for illegal activities such as ransomware.In the Queen's Speech, the government announced a number of bills aimed at achieving these goals.

One bill will make it easier for authorities to seize and recover cryptocurrency assets that are used to finance crime.Another will provide support for businesses that want to adopt cryptocurrencies, helping them to choose reputable technology providers and ensuring that their systems are secure.

Central African Republic bets on Bitcoin

In a move that is sure to have crypto enthusiasts across the world talking, the Central African Republic has officially announced that Bitcoin will be its new reserve asset.Bitcoin, which is not subject to inflationary pressures like fiat currency, has already been adopted by some other nations as a reserve asset. For example, in 2018 El Salvador made headlines when it became the first country to adopt Bitcoin as legal tender.

While some may see this as a risky move, it could prove to be a smart one in the long run. With bitcoin becoming more and more mainstream, it could eventually replace fiat currencies altogether. If that happens, then countries like the Central African Republic that have invested in bitcoin will be ahead of the curve.

While there are many reasons for this decision, one can't help but wonder if this is a sign of things to come for other countries in Africa and beyond.

June was a tough month for cryptocurrency trading, with most exchanges seeing a drop in volume

June was a tough month for cryptocurrency trading. Overall volumes were down across the board, with only a handful of exchanges reporting an increase in trade volume.Bloomberg reported that crypto trading volumes dipped by 28% in June, to $1.41 trillion, the lowest level since December 2020.

This is likely due to the continued bear market, which has seen prices fall sharply since January. While some analysts have predicted a rebound in July, it remains to be seen if this will materialize.

However, this doesn't mean that trading activity has come to a standstill. In fact, there are still plenty of opportunities for traders to generate profits - it just might not be as easy as it was in previous months.