Regulators in the European Union are reportedly struggling to decide how best to regulate Facebook Libra and the wider sector.
Kyberswap claims the new regulations would increase costs, but stricter AML regulations might mean their entire operation is at risk.
The European Securities and Markets Authority has announced plans for a new legal framework governing the cryptocurrency sector.
Mining pool Simplecoin shuts down as EU tightens regulations
Bottle Pay crypto remittance service is shutting down
EU plays catch-up to China, US in blockchain, AI race with $110M fund