
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings.
Considering their cross-border appeal, the OECD urged global watchdogs to demonstrate regulatory clarity and come up with a solid supervisory framework for ICOs just to make them safer for financing purposes.
The organization emphasized that ICOs are risky by nature and it equires a globally standardized set of measures to withstand money laundering as well as other criminal activities.
As a matter of fact, on the Investing.com Index, Bitcoin headed south by 1.22% ending up with $3,550.6.
Digital coins generally slumped, with the overall market capitalization amounting to $119.7 billion in contrast with Friday’s reading of $121 billion.
Calls for regulation have long been arising for ICOs. However, global institutions have made minor progress on an international standard for crypto assets.
The U.S. Securities and Exchange Commission keeps looking for a way to implement a wide set of parameters. However, it has generally relied on cease-and-desist orders in addition to fines. In 2018, regulatory activity has tacked on with the SEC taking action in up to 18 cases having to do with crypto assets, compared to 5 in 2017.
A number of EU watchdogs, including the European Banking Authority as well as the European Securities and Markets Authority called for creating a set of rules, which would be standardized for the whole euro zone.
As for other digital coins, Ethereum went down by 1.66% ending up with $117.25. Litecoin hit $31.048, diving by 1.47%, and XRP declined by 0.21% reaching $0.3199.
What’s more, there was criticism for the asset class as a whole from a senior adviser to Britain’s major financial institution who heavily criticized digital coins for replacing fiat currencies issued by major banks.
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.