Recurring market commentary on what's happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG.
Market commentary
Good Morning!
Finally, there is some good news from the regulatory front. The FATF finalisation of the AML guidelines (the first draft looked pretty bad for crypto overall) has been postponed until October due to the volume of feedback. I have always believed in a dual ecosystem (TradFi & DeFi), and have argued many times that we need to either find and/or build bridges between them, so capital can flow freely between the two ecosystems.
Additionally, I have mentioned that mass adoption can only happen if a regulatory basis/certainty is established. It is also clear that a regulatory basis can only be achieved with certain trade-offs. Over the course of the last year, those trade-offs seem to have started making themselves known.
Bitcoin BTC (daily)
There is more headwind expected for the remainder of 2021. Especially for the DeFi sector. But for now, most of us are watching how Bitcoin (BTC) copes with all of this. Bitcoin will point the way for the rest of the ecosystem.
Copyright © 2021 | Crypto Broker AG | All rights reserved.
All intellectual property, proprietary and other rights and interests in this publication and the subject matter hereof are owned by Crypto Broker AG including, without limitation, all registered design, copyright, trademark and service mark rights.
Disclaimer
This publication provided by Crypto Broker AG, a corporate entity registered under Swiss law, is published for information purposes only. This publication shall not constitute any investment advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. This publication is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this publication are for illustrative purposes only. While reasonable care has been taken in the preparation of this publication to provide details that are accurate and not misleading at the time of publication, Crypto Broker AG (a) does not make any representations or warranties regarding the information contained herein, whether express or implied, including without limitation any implied warranty of merchantability or fitness for a particular purpose or any warranty with respect to the accuracy, correctness, quality, completeness or timeliness of such information, and (b) shall not be responsible or liable for any third party’s use of any information contained herein under any circumstances, including, without limitation, in connection with actual trading or otherwise or for any errors or omissions contained in this publication.
Risk disclosure
Investments in virtual currencies are high-risk investments with the risk of total loss of the investment and you should not invest in virtual currencies unless you understand and can bear the risks involved with such investments. No information provided in this publication shall constitute investment advice. Crypto Broker AG excludes its liability for any losses arising from the use of, or reliance on, information provided in this publication.
