- 5 June 2021
- Posted by: Cryptovalues
- Category: Cryptovalues News, Newsletter
- Regulatory News
Among the regulatory news released in May 2021, both restrictive attitudes of the Supervisory Authorities towards cryptocurrencies, because of the risks associated with them, on one hand, and attitudes inclined to the launch of cryptocurrencies, in the awareness of their increasing diffusion, on the other, come to the fore.
The need seems to be not so much the ban of these instruments, but rather the assurance of their controlled and regulated use. Below, there is a review of the main initiatives adopted in various countries.
- Business news
In the middle of May, the price of a bitcoin – the world’s most important cryptocurrency – has fallen from over $57,600 on May 12 to $32,600 recorded on May 23.
The sharp drop, which in euro terms brought the price of a bitcoin from 47,200 to around 27,000 euros, made the cryptocurrency lose around 43 percent of its value, bringing it to a low since early February.
The drop had a number of causes, including some controversial tweets by Elon Musk, CEO of the car manufacturer Tesla and the aerospace company Space X (as well as a man among the richest in the world), and a succession of not very encouraging news coming from China (see Regulatory news section). Despite this, investments in cryptocurrencies are increasing.
Below, there is a review of the main initiatives adopted in various countries.
- Policy news
An overview of the broader public approaches to crypto-assets across the world.