Crypto assets inch down, Bitcoin keeps to $6,500

Crypto assets inch down, Bitcoin keeps to $6,500

On Tuesday, crypto assets declined a bit, while Bitcoin kept to $6,500. Meanwhile, market participants kept digesting the recent wave of regulatory reports.

As a matter of fact, on the Bitfinex exchange Bitcoin headed south by 0.11% being worth $6,535.

With minor news flow on Tuesday, the number one crypto asset by market capitalization has slumped by 2% for the last seven days due to the fact traders considered recent regulatory measures in the cryptocurrency world.

News surfaced the previous week that the Financial Action Task Force, which is an intergovernmental organization established by the G7 to withstand money laundering, is going to publish its first regulations for crypto assets by June 2019.

As the FATF told, the fresh regulations will need every jurisdiction to regulate or license crypto exchanges as well as some firms in the proper way to provide encrypted wallets.

Marshall Billingslea, FATF governor stressed that the from time to time the regulator is going to conduct reviews just to make sure that countries are implementing the new regulations in the proper way.

In addition to this, the previous week the Chinese government uncovered plans to deprive blockchains of their long-lasting anonymity.

According to a draft policy from the the Cyberspace Administration of China, the regulations would apply to any China-based firm regarded as a blockchain information service provider.

The regulations suggest that blockchain service providers are obliged to register with the agency. They’re expected to provide their service types, names, industry fields as well as server addresses. The data would become available to anybody and reviews would be conducted by the CAC on a yearly basis.

Besides this, Ethereum declined by 1.38% hitting $203.56 for the last 24 hours. As for XRP, it decreased by 2.57% being worth $0.44792.

 

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

USD and GBP Traders Await Big Moves
USD and GBP Traders Await Big Moves

The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.

Latest news

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

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!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera