We need Crypto Investor’s protectors: Swiss Regulator
— Stock, Protectors, Regulator, Cryptocurrency, Need, Market, Investors, Authority, Crypto, Trading, Financial, Supervisory, Swiss, Switzerlands — 1 min read
The Swiss Financial Market Supervisory Authority is in charge of regulating Switzerland’s financial markets and service providers. A senior Finma official says “consider the possibilities of technology to make it simple to work with the vast volumes of data and to safeguard customers from trading on abusive markets” This month, Bitcoin (BTC), had its first decline below $20,000 per coin since December 2020. The total market value of the cryptocurrencies dropped to $900 billion from almost $3 trillion the previous $3 billion. Authorities have repeatedly warned the investors about the dangers of investing in cryptocurrencies, even about “manipulation of opaque crypto markets.” The statement comes amid recent market volatility and issues with a few cryptocurrency projects. It comes Source