Regulators around the world could eventually “pop bubble-like crypto markets,” making digital assets too risky and unsuitable for professional investors, according to a note sent by major Swiss bank UBS to its clients last week.
“Regulators have demonstrated they can and will crack down on crypto. So we suggest investors stay clear, and build their portfolio around less risky assets,” said the note. “We’ve long warned that shifting investor sentiment or regulatory crackdowns could pop bubble-like crypto markets.”
Per Markets Insider’s report published today, UBS’s note cited a number of recent developments in the field of crypto regulation. Perhaps the most impactful one is China’s massive clampdown on Bitcoin mining and digital assets.
In June, miners from Chinese provinces such as Sichuan, Yunnan, and Qinghai were forced to shut down their operations. Simultaneously, the country’s central bank prohibited payment platforms and banks from any cryptocurrency-related a
Źródło: https://decrypt.co/75238/ubs-regulatory-crackdowns-could-pop-bubble-like-crypto-markets
