BTC price is strong, but there is little good news for the industry🤝
In terms of cryptocurrency, BTC price stayed above $28,000, outperforming almost all other currencies. Apart from the expectation of spot ETF approval, the industry still lacks other good news or expectations; in terms of regulation, the Australian government finally announced on Monday The long-awaited regulatory framework was released at the Australian Financial Review Crypto Summit, announcing that cryptocurrency exchanges will need to obtain a financial services license issued by AUSTRAC to continue operating, similar to the strict requirements announced earlier by the Hong Kong Securities and Futures Commission. It is expected that 400 Most of the smaller exchanges will be forced to merge with larger rivals to meet higher balance sheet and regulatory reporting requirements.
