Daily Crypto News 21 July

Coindesk announced a proposal by European Union (EU) politicians to tighten regulations on the transfer of crypto assets. Such a law will help curb the flow of illicit money. It will also provide full traceability of the transfer of crypto assets.

 

Mastercatd has announced its plans to enable traditional banks to offer digital asset transaction cards, Cointelegraph reported. This means that most banks and crypto companies will be able to provide their customers with the opportunity to spend their digital assets wherever Mastercard is accepted.

Coindesk said Chinese insurance giant Pingan has issued insurance policies using the digital yuan in Shenzhen. The policy covers 300,000 yuan ($ 46,342) for coronavirus death, $ 50,000 ($ 7,723) for a diagnosis of COVID-19, and 50,000 yuan for accidental death.

 

JPMorgan, America's largest investment bank, has announced a series of new blockchain-related jobs. Cointelegraph also reported that the bank is looking for talent for several of the branches, some of which are the United States, Singapore, India and other countries. JPMorgan analysts believe that bitcoin could potentially become a compelling alternative to gold in the long run.