Crypto regulation 'important step' for industry 'maturation': Expert

Domain Money founder and CEO Adam Dell weighs in, arguing that while crypto returns 'can be spectacular, there is risk associated with that.'

Domain Money founder and CEO Adam Dell argued on Tuesday that regulation is "an important step" to the cryptocurrency industry’s "maturation." " Tuesday afternoon as bitcoin was trading lower around the $20,000 level, down from its all-time high of over $68,000 reached in November 2021. Ethereum was also trading lower on Tuesday, at around $1,174.

Crytpocurrency prices were mixed on Tuesday afternoon, with bitcoin trading around the $20,000 level. Bitcoin, the leading cryptocurrency, has taken a beating in 2022, continuing a decline that started in November last year. For most of the year, the value remained within touching distance of $40,000, but two large drops – one at the beginning of May and one earlier this month – brought the currency to less than one-third of that November high. , with a dip for six months during which it was worth around $30,000 before hitting its all-time highest value.

Regulation, gov speak for additional tax tracking.

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Source: CoinDesk - 🏆 291. / 63 Read more »