The number of Canadians owning crypto assets is growing fast, requiring regulation, especially as people might not understant the risks of investing in things like bitcoin, a Bank of Canada official told Reuters.
According to Senior Deputy Governor Carolyn Rogers, as crypto assets are more integrated with the financial system, there might be more risks of instability as more people buy in.
Meanwhile, the EU is close to an agreement on key legislation to regulate crypto, Bloomberg wrote.
This would see common rules enacted in all 27 member states. The members want to resolve a few issues remaining with the Markets in Crypto-Assets (MiCA) package.
MiCA was presented in 2020 and will put European regulators at the top of the bill for supervising crypto, on issues like investor protection and crypto’s impact on financial stability.
Elsewhere, cryptocurrencies were trading in the red on Sunday (June 12), with the global crypto market cap sitting at $1.1 trillion, a Benzinga report said....
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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...