This is a three-part editorial series. Check out Part 1 here and Part 3 here.
In the wake of the 2008 global financial crisis, the rules and regulations that were drafted in response by the Basel Committee for Banking Supervision (BCBS) and subsequently mandated for banks around the world were implemented in an effort to protect both the financial system—as well as the public at large—from enduring the worst economic conditions since the Great Depression. The systemic threat that the sub-prime loan crisis represented to the American—and subsequently—the global economy, together with the uninhibited risk-taking of many (some now former) major banks and institutions, was swiftly regulated away—although, not before it was far too late. With the ‘crypto’ asset economy, Basel is attempting to stamp out any prospect of something similar occurring before it even gets off the ground.
“The Committee believes that the growth of crypto assets and related services has the potential to raise...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...