{"id":9163,"date":"2021-07-06T01:54:09","date_gmt":"2021-07-06T01:54:09","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/ubs-advises-stay-clear-of-cryptocurrencies-warns-regulators-will-crack-down-on-crypto\/"},"modified":"2021-07-06T01:54:09","modified_gmt":"2021-07-06T01:54:09","slug":"ubs-advises-stay-clear-of-cryptocurrencies-warns-regulators-will-crack-down-on-crypto","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/ubs-advises-stay-clear-of-cryptocurrencies-warns-regulators-will-crack-down-on-crypto\/","title":{"rendered":"UBS Advises \u2018Stay Clear\u2019 of Cryptocurrencies \u2014 Warns \u2018Regulators Will Crack Down on Crypto\u2019"},"content":{"rendered":"

Switzerland\u2019s largest bank, UBS, has advised investors to \u201cstay clear\u201d of cryptocurrencies and \u201cbuild their portfolio around less risky assets.\u201d The UBS analysts warned that \u201cRegulators have demonstrated they can and will crack down on crypto.\u201d<\/strong><\/p>\n

UBS\u2019 Crypto Advice and Warning<\/h2>\n

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. Citing that \u201cChina\u2019s latest crackdown \u2014 extending to miners, banks, e-payment networks, and social media \u2014 hurt crypto prices and operators,\u201d the UBS analysts wrote:<\/p>\n

Regulators have demonstrated they can and will crack down on crypto \u2026 So we suggest investors stay clear, and build their portfolio around less risky assets.<\/p>\n

\u201cWe\u2019ve long warned that shifting investor sentiment or regulatory crackdowns could pop bubble-like crypto markets,\u201d the analysts added. \u201cWe think investors should avoid crypto speculation, and consider risk-adjusted returns before buying alternative assets.\u201d<\/p>\n

The bank pointed out that a number of regulators worldwide have begun tightening their oversight of the crypto market. Recently, China has been cracking down<\/a> on bitcoin mining and payments. Canada\u2019s regulator has sent notices<\/a> to crypto exchanges and the regulators in Japan, the U.K., Cayman Islands, and Thailand have targeted<\/a> global crypto exchange Binance.<\/p>\n

The U.K. has imposed tight registration requirements on crypto exchanges, causing 64 firms to withdraw<\/a> their applications to register. In South Korea, most small exchanges are at risk of having to shut down<\/a> operations due to strict regulatory and banking requirements.<\/p>\n

<\/p>\n

The UBS analysts further described: \u201cCrypto trading practices, such as extending 50x or 100x leverage, appear fundamentally at odds with mainstream finance regulation.\u201d They warned:<\/p>\n

While we can\u2019t rule out future price gains in cryptos, we see this as a speculative market that poses significant risks to professional investors.<\/p>\n

The bank, however, reportedly recognizes that some clients want exposure to cryptocurrency, particularly bitcoin, and is rumored to be<\/a> considering offering crypto services to wealthy clients. A growing number of investment banks are already doing so, including Goldman Sachs<\/a>, Morgan Stanley<\/a>, Citigroup<\/a>, Standard Chartered<\/a>, and DBS<\/a>.<\/p>\n

What do you think about UBS\u2019 crypto advice and warning? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nRegulation, crypto crackdown, Crypto regulation, Regulators, Switzerland, UBS, ubs bitcoin, ubs crypto, ubs crypto prediction, ubs crypto report, ubs cryptocurrency, ubs warns bitcoin, ubs warns crypto, ubs wealth management<\/p>\n","protected":false},"excerpt":{"rendered":"

Switzerland\u2019s largest bank, UBS, has advised investors to \u201cstay clear\u201d of cryptocurrencies and \u201cbuild their portfolio around less risky assets.\u201d The UBS analysts warned that \u201cRegulators have demonstrated they can and will crack down on crypto.\u201d UBS\u2019 Crypto Advice and Warning The global wealth management team at UBS warned in a note published last week…<\/p>\n","protected":false},"author":0,"featured_media":9164,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9163"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9163"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9164"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}