The recent surge in the value of Bitcoin has drawn attention to cryptocurrency from all quarters. With signs now indicating a tipping point, the billion-dollar bet by Tesla added momentum to the cryptocurrency’s growth and duly pushed its market capitalisation, at least temporarily, past $1tn.
Will Digital Currency Remain as Volatile as Ever as Seen in The Past and End in a Dramatic Sell-off, or Will The Surge Continue?
Individuals and corporates are all diving into the world of Bitcoin. With the recent surge in value of Bitcoin, it has cause a major acknowledgement for cryptocurrency from all quarters, with the prediction of hitting new hits within 2021.
Regardless of this prediction and attention, individuals should proceed with caution. Regulators have raised serious concerns around the financial stability of cryptocurrency across the globe for years.
Amidst significant and rapid innovation, regulatory bodies are facing an uphill battle to keep up with the pace of change. With corporates and international banks betting on Bitcoin, the future of cryptocurrency has arrived, and it is vital we know exactly how to regulate it to avoid unwarranted financial crime.
Read the whole article published in CityA.M here: https://www.cityam.com/regulators-have-to-front-up-to-the-cryptocurrency-challenge-as-bitcoin-goes-mainstream/