UBS Advises 'Stay Clear' of Cryptocurrencies — Warns 'Regulators Will Crack Down on Crypto' – Regulation Bitcoin News
UBS Advises 'Stay Clear' of Cryptocurrencies â Warns 'Regulators Will Crack Down on Crypto' Switzerland’s largest bank, UBS, has advised investors to “stay clear” of cryptocurrencies and “build their portfolio around less risky assets.” The UBS analysts warned that “Regulators have demonstrated they can and will crack down on crypto.” UBS’ Crypto Advice and Warning The global wealth management team at UBS warned in a note published last week that regulators worldwide, particularly the U.S. and the U.K., will impose tougher cryptocurrency regulations. Ci...
Source: bitcoin.com