The crypto industry has exploded in recent years, and authorities in different countries have been reacting in very different ways. Some have banned cryptocurrencies, while others are embracing them to varying degrees. Some are working hard to align their anti-money laundering regulations with FATF standards, while others are turning a blind eye. A few countries have confiscated huge quantities of crypto assets linked to crime and money laundering.
The death toll following the huge explosions and chemical fires at the storage centre in Tianjin port in China last week has now exceeded 100, including dozens of fire fighters, and hundreds more seriously injured.
Toxic chemicals and gasses have necessitated an evacuation of the area and the clean up will be a long process.