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| Tamarin
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pm | | Crypto news. (15th Feb 22 at 8:03am UTC) | Quote Reply | Analysts at UBS bank believe that it will take a long time for the US Congress to sort out all the complexities associated with digital currencies and resolve internal disagreements.
One of the largest banks in Switzerland, UBS, published a note on a recent congressional hearing on the regulation of stablecoins and cryptocurrencies. As a reminder, the bipartisan House Committee on Financial Services of the US Congress did not support a bill proposing to subject stablecoin issuers to the same strict federal oversight as banks.
UBS experts noted that the US Federal Reserve System (FRS) cannot start developing a digital dollar without instructions from Congress. However, lawmakers “will take time to understand the complexities associated with cryptocurrencies, resolve internal differences and come to a consensus on the regulation of digital currencies.”
“Regulators can wait a long time for action by Congress. However, they will have to solve the problems associated with cryptocurrencies now, using the limited powers they have,” the bank said in a note.
At the same time, UBS analysts believe that interest in digital currencies is “growing in Congress and among the general public.” Recall that earlier the bank's experts presented an investment strategy, thanks to which depositors can avoid the risks associated with the high volatility of digital currencies. | |
| Olliwer
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pm | | Re: Crypto news. (16th Feb 22 at 8:56am UTC) | Quote Reply | | Unfortunately, not everything is so rosy in this business and there are a lot of pitfalls that not everyone can see. You can get acquainted in this review of algorithmic trading and dma and draw the appropriate conclusions. I will now explain what worries me. Many people who come into crypto trading and try their first steps fall into the hook of scammers and don’t know what to do about it, so safety should come first and you can fully trust the proven trading strategies from napbots. | |
| Bill Shiphr
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