Bitcoin Is Leading Indicator of Stock-Market Bottom, Mobius Says

Reuters

Financial watchdogs should do more to protect crypto investors, Swiss regulator says

ZURICH (Reuters) -Cryptocurrency trading increasingly resembles the U.S. stock market of the late 1920s, Switzerland’s top market regulator said on Wednesday, calling for regulators to take more action to protect consumers from abuse in the freewheeling sector. “There’s much more that can be done,” said Urban Angehrn, CEO, Swiss Financial Market Supervisory Authority (FINMA). “It would seem to me that a lot of trading in digital assets looks like the U.S. stock market in 1928, where all kinds of abuse, pump and dump, are now in fact frequently common,” Angehrn said at a conference in Zurich.