Bitcoin sinks on Russia’s attempt to regulate crypto

Bitcoin sinks on Russia’s attempt to regulate crypto

On Tuesday, Bitcoin headed south, reacting to reports that Russia contacted a global financial watchdog, the Financial Action Task Force for the purpose of regulating crypto assets.

As a matter of fact, Bitcoin inched down by nearly 2.1% coming up with an outcome of up to $6,395.8 on the Bitifinex exchange.

Besides this, on the Poloniex exchange, Ethereum headed south by 3.6% ending up with $198.02. As for Litecoin, this crypto asset sank by 5.5% showing $49.611, while XRP lost about 2.9% being worth $0.44956.

On Tuesday, CNN informed that Russia urged the Financial Action Task Force to request an intergovernmental initiative, which could control the flow and supply of crypto assets.

As the Deputy Director of Russia's Financial Monitor Service, Pavel Livadny told, all FATF members require changing the legislation to include fresh crypto ecosystems. The members are obliged to introduce license and registration parameters for the businesses developing in the space, including exchanges, ICOs as well as cryptographic administrators. The FATF requires closely watching the companies’ activities along with standards for anti-money laundering.

In June, the FATF told it was all geared up towards coming up with global-binding policies for crypto exchanges.

Moreover, CNN stressed that the Russian crypto community has criticized FATA’s initiative.

Besides this, Canada-based crypto exchange MapleChange told that having faced a cyber attack, it was currently investigating the case.

On Twitter, the exchange told its clients that the overall extent of losses wasn’t known at the moment, although it’s unable to refund everybody all their funds.

As follows from the latest update on the exchange’s Twitter account, they’re sending all of the coin developers the wallets with the assets left by them.

In addition to thisl, MapleChange told that that it wouldn’t have Bitcoin as well as Litecoin funds refunded.



Where is Dogecoin?
Where is Dogecoin?

Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera