At issue is that, although the U.S. agency tasked with enforcing securities law - the U.S. Securities and Exchange Commission (SEC)- has voiced
concerns about cryptocurrency tokens (even labeling one a security), it has yet to announce much in the way of formal rules.
Earlier this month, the commission raised a number of investor protection
concerns about cryptocurrency mutual funds and ETFs in a letter to industry groups.
On Thursday, the U.S. Securities and Exchange Commission's investment management division director, Dalia Blass, published
his concerns about cryptocurrency market volatility.
Plus other governments including the US, China and India have also raised
concerns about cryptocurrency exchanges that have anonymous account holders.
Since overreaching its authority in an ill - advised power grab, the IRS has failed to respond to Congressional
concerns about cryptocurrency regulation.
The SEC has voiced a series of investor protection
concerns about cryptocurrency mutual and exchange - traded funds.
But after peaking at almost $ 16 per share last July, investors have largely been disappointed in AMD's results and
concerned about the cryptocurrency factor.
Readers may remember that Nasdaq was one of the firms to pioneer cryptocurrency derivatives products, and in February, Bank of America cited
concerns about cryptocurrencies in its 10 - K filing with the Securities and Exchange Commission (SEC).
Markets for ether, the cryptocurrency linked to the ethereum distributed computing platform, were rocked yesterday by a huge flash crash that saw prices fall from over $ 365 down to as low as 10 cents on one exchange before bouncing back shortly afterwards — an event that is mildly worrying for anyone
concerned about cryptocurrency volatility, but has had devastating consequences for some professional traders who have seen their holdings wiped out.
On Thursday, Bank of America submitted its annual filing to the SEC, which, for the first time, included
concerns about cryptocurrencies.
Where other countries like China and India express
their concern about the cryptocurrency craze, citing worries about security, regulation, volatility and a speculative bubble, same Switzerland embraces the cryptocurrency culture.
Most countries remain
concerned about cryptocurrencies and their use for tax evasion and terrorism funding.
Are
you concerned about cryptocurrency tax laws?
Not exact matches
In a Reddit AMA, the Microsoft co-founder voiced
concern about the anonymity of
cryptocurrencies, which he said can facilitate criminal behavior.
Bitcoin's 1,500 percent surge last year has stoked huge demand for
cryptocurrency in South Korea, drawing college students to housewives and sparking
concerns about a gambling addiction.
The bank is, in common with its American counterparts,
concerned about people using its credit facilities to buy
cryptocurrencies and then not being able to pay back the loan, due to rapid depreciation in the virtual currencies.
Three EU regulators said they were «
concerned»
about an increasing number of people buying
cryptocurrencies without being aware of the risks involved.
Sopnendu Mohanty, chief fintech officer of the Monetary Authority of Singapore (MAS), voiced his
concerns about speculative
cryptocurrency trading.
Espenilla also expressed
concerns about technological security, a significant matter as the volume of
cryptocurrency exchange grows.
Nvidia shares have fallen in recent weeks due to new
cryptocurrency - mining competition from a Chinese provider as well as
concern about the March crash of a self - driving Uber vehicle.
Concerns about Nvidia of late have centered on
cryptocurrency mining and self - driving cars.
Especially with all
cryptocurrencies losing value, the manufacturer isn't too
concerned about the future demand for new GPUs.
«We didn't think it was obvious to rush out a product and be first,» said CEO Jeff Sprecher on Tuesday, expressing
concern about the lack of transparency at
cryptocurrency exchanges, many of which will be referenced in price indexes used for
cryptocurrency derivatives.
Iran's central bank last week prohibited local banks from dealing in
cryptocurrencies due to
concerns about money - laundering as the country tries to halt a currency crisis ahead of a possible return of crippling sanctions.
Today, Kattoor raised
concerns about «consumer protection, market integrity, and money laundering» as well as other issues that surround
cryptocurrencies.
Nonetheless, the organization expressed limited
concerns about leveraged trading of
cryptocurrencies, the integration of crypto - assets into mainstream financial products, and the cross-border character of these digital assets.
With fresh
concerns about government regulation of
cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $ 550 billion...
Thomas Peterffy, chairman of the broker - dealer Interactive Brokers Group, expressed deep
concerns about the trading of bitcoin futures last month, saying «there is no fundamental basis for valuation of Bitcoin and other
cryptocurrencies, and they may assume any price from one day to the next.»
MIT's Narula said she is deeply
concerned about the lack of due diligence completed for many, if not most,
cryptocurrency projects.
According to reports, the companies were
concerned about the ability of customers to pay for their
cryptocurrency purchases, as well as the potential for fraud.
Litecoin's Charlie Lee has expressed interest and
concern about various matters in the world of
cryptocurrencies in the past.
In particular, the organization raised
concerns about leveraged trading of
cryptocurrencies, though it acknowledged that the low correlation between
cryptocurrencies and other assets «suggests that the risk of spillovers from idiosyncratic price moves in crypto assets to the wider market may be limited at this point.»
If you're
concerned about fees, look more closely at CEX.IO's fees for buying and selling
cryptocurrency — these fees are how you'll lose money throughout your transaction.
The
cryptocurrency rose 3 % to US$ 9,762 at the time of writing, recovery from recent declines amid
concerns about tighter regulation across the globe.
While these
concerns have largely surrounded regulation in China, India and South Korea, many are forgetting
about the largest market for
cryptocurrencies to date, the United States.
On Thursday, analysts from Merrill Lynch and JPMorgan Chase both expressed
concern about Apple's iPhone sales after Apple supplier Taiwan Semiconductor (NYSE: TSM) reported worse - than - expected guidance, saying, «Weak demand from our mobile sector will negatively impact our business despite strength in
cryptocurrency mining.»
«While we have not seen the type of large credit expansions that would be most worrisome for [Federal Reserve] officials
concerned about financial imbalances, there are now some signs of speculative behavior in financial markets, e.g. the
cryptocurrency boom.»
But many researchers close to the world's most feted
cryptocurrency are expressing
concern about the security of its assets, and the stability of the economy that has grown up around it.
That would essentially erase any
concerns about a lack of market safeguards making the
cryptocurrency too unstable or risky.
Both chairmen expressed
concerns about the unregulated nature of
cryptocurrency exchange platforms and their potential to mislead consumers into believing that a regulatory net of some kind exists.
«While it could be making money from these speculative
cryptocurrency providers, it's more
concerned about the long - term health of the online advertising ecosystem,» he noted.
Many traditional financial institutions have turned away from
cryptocurrency, with worries
about volatile prices and overall legitimacy at the top of the list of their
concerns.
The current
concerns by the RBI only accelerate the need to generate awareness
about blockchain, which powers the use of Bitcoin and other
cryptocurrencies.
Khurana revealed last week that the Indian government is trying to bring
about clear regulations
concerning the functioning of
cryptocurrency exchanges in India.
However, ICOs have faced hurdles in the form of financial regulators, central banks, and governments which are
concerned about the disruptive nature of
cryptocurrency technologies and their potential for illegal uses.
Christine Lagarde, the International Monetary Fund Managing Director, has expressed her
concern about the growth of electricity consumption by
cryptocurrency miners.
The head of the Russian Orthodox Church, Patriarch Kirill, has expressed his
concern about the hype surrounding
cryptocurrencies and recognized the need for state control over the
cryptocurrency market.
In addition to speculative risks, authorities are also
concerned about the link between
cryptocurrency trading and organized crime.
India's central bank on Tuesday reiterated its
concerns about Bitcoins, just days after the
cryptocurrency hit a record high of just under $ 11,800, stoking fears that a rapidly swelling bubble could burst in a spectacular fashion.
More
concerns have emerged
about the sector this week as Facebook banned
cryptocurrency advertisements and US regulators began investigating tether, a
cryptocurrency that some fear has been used to inflate the value of bitcoin.