Regulation

The founders of the Samourai Wallet crypto app have been sentenced to prison in the U.S. for operating an unlicensed money-transmitting business that laundered millions in criminal proceeds.

As the cryptocurrency market matures, governments worldwide are implementing new laws and tax regulations. This shift, which includes new tax frameworks in the US, Brazil, and South Korea and allows banks to hold crypto assets, signals that crypto is becoming a serious part of the global financial system.

Worldcoin’s price is in a steep decline, dropping over 30% in the last month. The downturn is fueled by increasing regulatory scrutiny and bans in several countries, like Colombia, over concerns about data privacy and the handling of biometric information.