As such, Shanmugaratnam said, regulators "do not have broader, systemic risk concerns with regard to cryptocurrencies."
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Regulation - Nov 9, 2018
Unfortunately, the above tweet also created some confusion with many journalists and personalities thinking the more than one year of Bitcoin ban in China has ended, resulting to investors rushing to buy Bitcoin in the hope of gaining profits.
China’s Lifting of Bitcoin Ban is Fake News - Cryptovest
The news reports circulating that China has recalled its Bitcoin trading ban are not true and are a result of misinterpreting facts.
Regulation - Oct 24, 2018
The unforeseen decision of the firm to enter the cryptocurrency market provided two crucial hints regarding the mid-term growth of the market: there exists significant demand from institutions and regulators have acknowledged major digital assets as alternative stores of value.
Continuous Establishment of Regulation in Crypto Will Attract Institutions
According to aformer Standard Chartered executive, a catalyst that could reverse the current trend of crypto is imposition of positive regulation.
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