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Similarly, the directive made no mention of any new guidelines that crypto companies must comply with. The transfer comes as lawmakers, administration turn into involved that Russia is using cryptocurrencies to evade sanctions placed on its banks, oligarchs, and oil business on account of the invasion of Ukraine. “The regulation of crypto in the U.S. will have a long-lasting positive impression on the global crypto market and we will see a big influx of funds into the crypto business by retail and institutional traders. The crypto community across the globe will keep a close watch on the united states developments and we hope that one thing positive comes out of it,” Tan added. Meanwhile, the global cryptocurrency market capitalisation stood on the $1.seventy five trillion mark, up zero.1% in the final 24 hours. However, market volume declined 14.27% to $80.sixty four billion over the last 24 hours, as per coinmarketcap.com. Bitcoin Falls 5%, Other Crypto Costs Right Now Additional