The cryptocurrency market continues to be under scrutiny after a series of reports 5by the EU and the Financial Action Task Force – FATF) which show a number of shortcomings which require regulatory actions for this sort of assets to be protected against financial criminality abuse.
In the US Libra (Facebooks’ cryptocurrency) continues to face regulatory pushback and data protection concerns.
As per the reported information, Barclays decided to stop providing banking services to the cryptocurrency exchange.
The partnership which started in March 2018, allowed users of the exchange to deal with cryptocurrencies in British Pence and to convert from one to the other.
This new saga of the cryptocurrency development is making very hard for exchanges, wallet holders and event professional providing services to cryptocurrency based businesses to get access to the financial system over the growing concerns of contact with financial criminality and the lack of regulation surrounding this market.