BITCOIN has held its position overnight after rising from $6,351 to a high of $6,739 yesterday afternoon. More positive news comes from the Financial Stability Board (FSB) who pushed crypto further towards the mainstream on Monday, announcing a "framework" to monitor crypto-assets in markets across G20 nations.
Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Bitcoin is priced at $6,663 this morning with ethereum rising to $473 and ripple up at $0.47.
The FSB has sent the crypto community a welcome boost after delivering a framework for the world's leading G20 countries to “monitor the financial stability implications of crypto-assets markets.”
Pouring cold water on the idea of crypto sparking the next global financial meltdown the FSB said that cryptocurrencies like bitcoin “do not pose a material risk to global financial stability” but they fully support their “vigilant monitoring.”
The good news comes just a day after the world's largest assset manager signalled their intent to move closer to crypto with a possible entry into bitcoin futures.
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