Kyrgyzstan Has Proposed Its First Regulatory Framework for Crypto
Kyrgyzstan's central bank wants to regulate cryptocurrency – licensing exchanges and barring its use in payments.
"Our directive is to list every compliant asset possible," the exchange wrote Thursday.
The company cited issues relating to poor liquidity in the face of heightened demand.
Following an alleged December breach, the trading platform now says it will close and repay users any remaining funds.
The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.
Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter.