Name Symbol Market Market Cap ($) Algorithm
Bitcoin BTCUSD Crypto 110,450,434,007 SHA-256d
  Price Change Price Change % Current Price Bid Price Offer
  -14.71 -0.23% 6,428.99 6,428.98 6,428.99
High Price Low Price Open Price Prev. Close 52 Week Range
6,489.83 6,401.02 6,443.70 6,443.70 5,151.44 - 20,089.00
Exchange Last Trade Size Trade Price Currency
GEMN 09:27:18 0.037500 6,425.50 USD
Price x Volume Volume Base Symbol Related Pairs
35,204,068.34 5,462.08 BTC BTCEUR BTCGBP ETHBTC

Global regulators say crypto currencies need vigilant monitoring

11/10/2018 1:24pm

ADVFN Crypto NewsWire


LONDON (Reuters) - Crypto assets such as bitcoin do not pose a threat to financial stability but monitoring is needed along with possible action to protect consumers, the global Financial Stability Board said on Wednesday.

While price increases in crypto assets have been larger than comparable historical asset bubbles, market capitalisation remains small compared with other financial markets, the FSB said.

“Based on the available information, crypto-assets do not pose a material risk to global financial stability at this time. However, vigilant monitoring is needed in light of the speed of market developments,” the FSB said in a statement.

Nonetheless, the FSB said: “Illiquidity, concentrated ownership, fragmented market structure, and other issues also make crypto-asets potentially susceptible to price manipulation.”

It said total market capitalisation peaked at $830 billion in January, with a third accounted for by bitcoin alone, dropping to $210 billion by last week or just 2.8 percent of the global value of gold.

“Crypto-assets also raise several broader policy issues, such as the need for consumer and investor protection,” the FSB said.

The board, which coordinates financial regulation for the Group of 20 Economies (G20), published a 17-page report to elaborate on its views on crypto assets.

The report confirmed an initial assessment the FSB gave to G20 finance ministers and central bank governors in March that there was not enough consensus for global rules, given the differing approaches being taken nationally.

Earlier this week, however, European Union regulators said tailored rules may be needed as warnings to investors about crypto assets have not been effective.

The FSB said that monitoring potential risks in the sector was challenging due to poor data on direct and indirect exposures of banks and others.


Source: Reuters

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V:gb D:20181018 08:27:21