Updated Morgan Stanley Report Hails Cryptocurrency as ‘New Institutional Investment Class’

Bitcoin and altcoins have been representing a “new institutional investment class” since 2017, despite the ensuing bear market, Morgan Stanley says. Bitcoin and altcoins has been a “new institutional investment class” since 2017, U.S. multinational investment bank and financial services company Morgan Stanley claims in a new report released Oct. 31. The document, titled “Bitcoin […]

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Hong Kong Issues New Rules to Regulate Cryptocurrency Funds and Exchanges

Hong Kong securities regulator wants to improve oversight of crypto entities as chair warns of “outright scandals and frauds.” Hong Kong’s securities regulator issued a statement setting out guidelines for funds dealing with cryptocurrency Thursday, Nov. 1, saying it could move to formally regulate exchanges. In what it called “guidance on regulatory standards,” the autonomous […]

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Bitstamp Is Looking Towards ‘Global Expansion’ After Being Acquired by South Korean Investors

Bitstamp has been acquired by Brussels-based investment firm. On October 29, the cryptocurrency exchange, Bitstamp, was acquired by Belgium-based investment firm NXMH, which in turn, is owned by South Korean media conglomerate NXC Corp. The Luxembourg-registered exchange is now controlled by the same company that bought the majority stake in the South Korean crypto exchange, […]

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U.K.’s Financial Regulator Mulls Ban on Sale of Crypto Derivatives

The U.K.’s Financial Conduct Authority has said it will consider whether to ban the sale of cryptocurrency-based derivatives, citing the risks of amplified investment losses. The U.K.’s Financial Conduct Authority (FCA) has said it will consider whether to ban the sale of cryptocurrency-based derivatives, the Financial Times (FT) reported Oct. 29. Unlike crypto spot market […]

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UK: Gov’t Taskforce Proposes Crypto Regulation Changes, Questions Crypto Definition

A report from the U.K. Cryptoassets Taskforce has proposed new regulations for cryptocurrencies, particularly on CFDs and futures that reference cryptoassets The U.K. Cryptoassets Taskforce has released a report Oct. 29 that proposes some changes for cryptocurrency regulation and raises concerns over how digital assets are traded and used. Launched in March, the Cryptoassets Taskforce […]

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