Crypto Rallies As Regulators Introduce Capital Requirements For Banks
Heading into the weekend we just might see $40,000 reclaimed.
CRYPTO RALLIES AS REGULATORS INTRODUCE CAPITAL REQUIREMENTS FOR BANKS
Bitcoin went up after a new rule was created that would make it so banks have to spend more money on Bitcoin. The International Organization of Securities Commissions issued draft proposals on Wednesday, which could be finalized by the end of 2019. This is good news for cryptocurrency traders, as it will make trading safer and more accessible to institutions. The new rules would apply to any bank or financial firm with over $100 billion in assets worldwide.