Basel Committee Issues New Crypto Asset Warnings
The Basel Committee on Banking Supervision (BCBS) issued a statement on “crypto-assets,” highlighting that new financial products related to crypto have the potential to increase the risks to banks who engage in digital or crypto assets. The BCBS, an informal standard setting body, was established by central bank governors to cooperate on regulatory and supervisory matters. The story is here.
French Regulators to Release CryptoCurrency Rules
Bitcoin Rally Underway
A Bitcoin rally is underway due to the FSB’s suggestion to the G20 that it refrain from regulating bitcoin. However, as Professor writes in an op-ed for Cointelegraph, traders are almost certainly reading too much into the comments.