The US Commodity Futures Trading Commissionhas stepped up efforts to protect customers by cracking down violations of existing cryptocurrency trading laws, from money laundering to fraud and market manipulation. Consumers must be adequately informed and protected against illegal activity in this space.
South Korea is cracking down on cryptocurrency trading after two multi-billion dollar embezzlement and fraud scandals rocked the digital market. The government is now targeting the over-the-counter (OTC) market and has taken steps to end anonymous trading.