The cryptocurrency industry has gained more traction in recent years. More technological innovations and upgrades are also springing up in the space. Hence, many people have plunged into the crypto market as they intend to reap growing profits through a diversified investment approach.
But while the crypto space is advancing, criminal activities are also on the rise. So, some jurisdictions enacted regulatory rules to monitor the activities of digital asset-related firms. Also, they aim to protect users and participants in the digital asset space.
Cryptocurrency regulation in some countries is becoming increasingly stricter. For example, some regions will only allow the operation of crypto-related companies if they complete the regulatory registration. They could also sanction the firms that fail to comply with stipulated laws within the country.
In a new development, MoonPay, a digital payments app, has received the UK’s crypto regulatory license. According to the report, the firm co
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