Bitcoin, Ethereum, and other major cryptocurrencies were trading mixed, with volatility persisting in the market.
Many cryptocurrency firms are not meeting Britain’s anti-money laundering and counter-terrorism financing rules, the United Kingdom’s financial watchdog said on June 3, showing how some parts of the emerging sector are struggling to meet required standards.
Meanwhile, a Standard Chartered unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe, targeting institutional clients, the bank said on June 2.
The new exchange will be created by a joint venture between SC Ventures, the bank’s innovation arm, and BC Technology Group, which operates Hong Kong-licensed cryptocurrency exchange OSL.
Here are the prices of the 10 largest cryptocurrencies at 7.30 am IST on June 4 (data from coinmarketcap.com)