PDAXScope: BTC down, US backs crypto laws, HK builds tracker

Bitcoin Sinks as Israel Escalates Iran Standoff With Airstrikes (Bloomberg)

Bitcoin's price dropped to around $103,900 after Israel launched airstrikes on Iranian nuclear and missile sites, as reported by Bloomberg. Analysts state that the situation could further impact global markets, especially if Iran retaliates or if key oil transport routes like the Strait of Hormuz are threatened.

Donald Trump: Administration Will Work Toward 'Clear and Simple' Crypto Frameworks (CoinDesk)

The Trump administration is pushing to create clear crypto regulations to help the U.S. lead in digital assets, as reported by CoinDesk. The two proposed laws – the CLARITY Act and GENIUS ACT – are key efforts toward defining how crypto and stablecoins should be regulated. Officials state that the goal is to support innovation and stop crypto businesses from leaving the U.S.

Hong Kong to develop crypto tracking tool for money laundering (Cointelegraph)

Hong Kong Customs has teamed up with a local university to create a tool that helps track crypto transactions linked to illegal activities, as reported by Cointelegraph. The tool is able to follow the flow of digital assets and identify wallets with suspicious activity, making it easier to crack down on crypto-related crimes.

-

-

-

-

-

Disclaimer: PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems.  Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. PDAX does not endorse or approve any cryptocurrency, and assumes no responsibility for, the content, accuracy or completeness of the same.

For inquiries or complaints, please contact us through the following channels:

Chatbot: https://pdax.ph or https://web.pdax.ph/ (click webchat feature);

‘Customer Support’ webpage at https://support.pdax.ph;

Email: support@pdax.ph.

Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.

Philippine Digital Asset Exchange  (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph (click webchat feature); Facebook: https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087;  Trunk Line: (02) 8708 7701 loc. 2584; or SMS: 21582277 (for Globe subscribers only).

For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.