Crypto market volatility shows need for 'enhanced regulatory and law enforcem...
The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in the future. The Bank of England has called for “enhanced” regulations of crypto to address potential risk to the country’s financial stability amid the market capitalization dropping more than $2 billion.In the BoE’s Financial Policy Committee "Financial Stability Report — July 2022," the central bank said factors including the growth of the crypto market and climate change did not pose an “immediate threat” to the United....
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The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further. Bank of England Calls for Enhanced Crypto Regulation The Financial Policy Committee of the British central bank, the Bank of England (BOE), said Tuesday that the “extreme volatility” in crypto prices in recent months underscores vulnerabilities in the crypto market, Bloomberg reported. Citing a $2 trillion reduction in the total....
The FOMC meeting that was held on Wednesday, September 21st, triggered massive volatility for bitcoin and other cryptocurrencies. This volatility was expected and stuck to the previous trends like clockwork. It leaves a lot to be desired in the way that it played out, though, and shows a precedent for the crypto market, especially during […]
The emergence of cryptocurrencies and their increasing adoption impetus the need for crypto regulations. Issues like failures of projects, exploits, high market volatility, and misuse of digital assets in crimes have put the regulatory authorities on their toes worldwide. After the U.S. Fed decided to fight market inflation with its hawkish approach, IMF called for […]
Volatility is currently what keeps many investors away from Bitcoin, and the situation is unlikely to change on its own very soon, as no central regulatory authority can or will be able to control any of its parameters. Bhandari confirms that “currently there is no way to profit off of Bitcoin’s volatility. You can buy an asset, but at this stage you have pretty much a 50/50 chance on whether it will go up or down.” Due to the fact that all investors can do with Bitcoin at present is invest for the long-term, Bitcoin options allow the community to “create strategies that profit off of....
Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero transactions. “Ciphertrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source,” the company claims. Ciphertrace Claims to Have ‘Enhanced’ Tools to Trace Monero Transactions Blockchain analytics and crypto compliance firm Ciphertrace announced Thursday “enhanced Monero tracing capabilities for government agencies and financial institutions.” The announcement details: Based....