There has been a flurry of political and regulatory engagement with cryptoassets in recent weeks.
On 13 January, the European Central Bank President Christine Lagarde labelled Bitcoin as a "highly speculative asset", which has been responsible for "totally reprehensible money laundering", and called for regulation to be applied and agreed upon "at a global level". Across the pond, the US Securities and Exchanges Commission flexed its muscles last December by launching enforcement action against the blockchain payments company Ripple for raising capital of $1.3bn from offering allegedly unregulated securities, leading to Ripple being delisted on several exchanges. Finally, the US T...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
