Crypto Price Moves Suggest Bitcoiners Might Like Regulation (1)

For an asset class premised on the idea that governments can’t be trusted, any suggestion of regulation will move the price of cryptocurrencies. But not always downwards.

Digital coins actually rose when government entities suggested a clear legal framework for them, according to the Bank for International Settlements. It analyzed the market impact of 151 regulatory news events, such as statements from national regulators, over more than three years.

The developments most likely to push crypto prices down included trading bans and proposals to regulate them like publicly traded securities, the Basel, Switzerland-based BIS said in its latest Quarterly Review, ...