Here’s what happened in crypto today
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Malta’s cryptocurrency licensing process has come under scrutiny from the European Securities and Markets Authority (ESMA), GMX has paused trading after a liquidity pool exploit drained over $40 million, and the US has sanctioned a North Korean IT worker ring accused of targeting American companies.
The ESMA on Thursday released a review of the authorization process of crypto asset service providers (CASPs) by Malta’s Financial Services Authority (MFSA), highlighting several shortfalls and proposing a set of recommendations.
Despite saying the MFSA met certain expectations in supervisory setup and staffing, the EU watchdog said the Maltese authorities only “partially met expectations” in the authorization process for an unidentified CASP.
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