Cryptocurrency roundup: US and EU impose tougher regulations

Cryptocurrencies have had a volatile week with news of regulatory crackdowns across different continents dominating the news. Saloni Sardana looks at the stories that caught our eye this week.

Cryptocurrencies have had a volatile week with news of regulatory crackdowns across different continents dominating the news.

Earlier in the week cryptocurrencies were hit with a “double whammy effect” with both the EU and the US imposing new regulatory requirements. Bitcoin fell below the key support level of $30,000, but later recouped its losses and rose above the support level later in the week.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni