
Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows
Last week’s major outflows derived from North America–highlighting regulatory concerns as a likely cause of negative investor sentiment.
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EU parliamentarians have voted against a defacto ban on proof of work based cryptocurrencies which was included in the MiCA, or Markets in Crypto-assets Regulation, report.

Whale momentum is thinning suggesting the Bitcoin price will continue to range, if not fall lower.

The past year has seen major changes in trading interest. It's been well documented that LUNA and SOL have emerged into the top 10 market cap assets with very high volume. But this has come at the expense of BTC and ETH volumes.

FCA’s crypto warning over the years appear to be preventing investors from reaping significant rewards that might be attached to Bitcoin investments.

Defaulters of this order could face up to 3 years imprisonment and a fine of 1 million yen ($8,478.52).

The wording in the current MiCA report would cause crypto service providers to issue a proof of work ban for 'unsustainable' crypto assets.



