The European Union has approved a set of rules—the first such regulation in the world—to regulate crypto assets like cryptocurrencies and tokens in a bid to curb money laundering activities and protect investors. The markets in crypto-assets (MiCA) legislation was approved on May 16 by EU ministers. The new rules will increase transparency and create…

Commentary NEW YORK—Bitcoin and associated cryptocurrencies have suffered a precipitous decline from their highs back in November when it was over $60,000. “Bitcoin to the Moon,” a frequent refrain of internet bitcoin advocates less than a year ago, now sounds like the rant of an End of Days prophet traipsing Madison Avenue in a sandwich…

The U.S. Securities and Exchange Commission (SEC) announced that it has allocated 20 additional positions to the Crypto Assets and Cyber Unit to protect investors in the cryptocurrency markets against fraud and related abuse. As more investors access crypto markets, it becomes “increasingly important” to dedicate more resources to protect them, SEC chair Gary Gensler…