Reasons Behind The Recent Bout of Turbulence in the Crypto Sector

Unease festered in the digital assets space over the past week as major coins such as BTC, ETH and ADA parried massive gains. The slide for crypto came amid heightened anxiety from investors after China underscored its resolve to crack down on crypto mining and trading. Meanwhile, the US Treasury Department unveiled its intent to enforce anti-money laundering laws. US financial watchdogs also proposed that cryptocurrency businesses start reporting over $10K to the government. Fear over intensifying crypto regulation inflicted…