What Does It Mean When Bank Regulators, IMF, US Lawmakers Caution Against Bitcoin?
The Basel Committee is asking banks to increase capital requirements for bitcoin exposure, and the International Monetary Fund (IMF) is cautioning against bitcoin risks. U.S. lawmakers are also critical of bitcoin, with Massachusetts Senator Elizabeth Warren urging the government to confront crypto threats "head-on." Plus, India may be warming up to crypto after attempting to ban it. Warwick Capital's Chief Investment Officer Brian Tehako reacts to the regulatory news and shares his markets analysis.