Google Will Only Take Ads From FinCEN-Registered or Chartered Crypto Exchanges, Wallets
Effective Aug. 3, anyone seeking to advertise those products to U.S. customers will have to be registered with FinCEN or a federal or state chartered bank.
Upbit, Huobi and Coinbit are among the cryptocurrency exchanges outlined in the report that have halted trading on certain coins.
Banks will have to deny services to clients that do not comply with ID verification requirements or fail to report suspicious activity to the FSC's anti-money laundering unit.
It may be difficult for the government to impose the levy in the absence of a regulatory framework for the treatment of crypto assets.
There is a bill pending in parliament, which seeks to ban private cryptocurrencies.
Bitfinex plans to enter the DeFi market via Hodl Hodl and will add fresh liquidity to the Hodl Hodl lending pool.