Starting from July 31st, cryptocurrency exchange operators, brokers, and traders are obligated to issue a cautionary notice regarding the possible risks involved in trading digital currencies. This modification has already been implemented.
The crucial aspect of the new guideline is the alert message “Cryptocurrencies are high risk. Please study and understand the risks of cryptocurrencies thoroughly because you may lose the entire investment amount”
Moreover, the operators are compelled to provide notifications of the evaluation results for investment suitability, the appropriate apportionment, and the determination of investment proportion (fundamental asset allocation).
Another significant aspect of the new guideline is that digital asset operators are disallowed from offering services or facilitating deposit-taking and lending services, with specific exceptions as outlined.
According to the new regulation, operators are prohibited from taking in digital asset deposits and utilizing them to lend or invest with the purpose of obtaining returns for depositors. Additionally, they are barred from accepting…
As per a statement by the SEC yesterday, “It is forbidden to advertise or persuade the general public or do any other act in the manner of supporting deposit taking and lending services.”
As reported by the regulator, the total market capitalization of the global digital asset market reached $2.28 trillion as of June 26, reflecting a 10.2% increase compared to the previous week. itcoin">Bitcoin remains the largest digital asset in the world, maintaining its dominant position with.
So far this year, itcoin">Bitcoin has recorded the highest returns compared to other asset classes, with a year-to-date percentage of 81%, followed by Ethereum at 52.8%. The Nasdaq reflected a 35.2% return on investments during the same period. Conversely, the Stock Exchange.
Yesterday afternoon, the price of itcoin">Bitcoin was recorded at $30,682, showing a slight increase of 0.6% compared to the previous day.
Over the past three days, itcoin">Bitcoin experienced a significant surge of 14.4%, marking its most substantial gain in two months. The rise in value can be attributed to a substantial number of subscriptions to exchange-traded funds that track major cryptocurrencies worldwide. As a result, there is a growing sense of optimism in the market.
