BitMEX Rumored to be Implementing KYC and AML Measures – March 23

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $6,288

Bitcoin price has rallied briefly from weekend levels, following the Federal Reserve’s QE announcement this morning.

Top-20 altcoins have remained stable, as Ethereum remains almost unchanged, XRP loses 1%, and Dash is the day’s biggest mover, losing 3%.

Top Stories for March 23, 2020 πŸ”₯

πŸ‘‰ BitMEX Rumored to be Implementing KYC and AML Measures

BitMEX is rumored to be introducing know-your-customer (KYC) rules, after community members pointed out that the exchange is hiring an anti money-laundering manager.

Experts predict that this may have a strong impact on Bitcoin, due to the magnitude of volume which comes from Bitcoin dervatives on the BitMEX platform.

πŸ‘‰ Bank of China Posts Long Anti-Crypto Notice on WeChat

Bank of China have posted a long anti-crypto message from its official WeChat account, titled 3.15 Protection of Financial Consumption Rights and Interests”.

The post warns about cryptocurrency investment, including dismissing the notion that Bitcoin is a safe haven asset.

πŸ‘‰ Federal Reserve Announces Unlimited QE, Asset Purchases

The Federal Reserve has announced that it will be buying Treasurys and mortgage-backed securities to support US markets, in indefinite amounts.

Bitcoin price rallied upon the news, as the US dollar briefly plummeted against most major currencies.