I genuinely thought European regulators would play defense for another six months. This Swiss move just proved me totally wrong.
Newsbtc.com reported earlier today that Switzerland's regulator FINMA approved its first domestic retail fund holding physical $BTC directly under Swiss law.
What gets me is the timing. Total value of all coins dropped -3.37% today to $2.71T, yet Bitcoin share of that value sits solid at 59.5%. Prices are taking a short break, but regulatory green lights keep quietly dropping in the background.
Does a domestic Swiss approval move the needle for you personally, or do you only care when US markets start moving?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto #CryptoNews
Newsbtc.com reported earlier today that Switzerland's regulator FINMA approved its first domestic retail fund holding physical $BTC directly under Swiss law.
What gets me is the timing. Total value of all coins dropped -3.37% today to $2.71T, yet Bitcoin share of that value sits solid at 59.5%. Prices are taking a short break, but regulatory green lights keep quietly dropping in the background.
Does a domestic Swiss approval move the needle for you personally, or do you only care when US markets start moving?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto #CryptoNews