The Federal Reserve Bank of Dallas has revealed a paper displaying how cryptocurrency markets are affected by crypto regulatory actions. The analysis additionally determines whether or not the authorities have some scope to make cryptocurrency regulation efficient.
Influencing Cryptocurrency Markets and Costs
Final week, the Federal Reserve Bank of Dallas revealed a working paper entitled “Cryptocurrency Market Reactions to Regulatory Information.” The 18-page report is an up to date model of a paper by the identical authors beforehand revealed by the Bank of Worldwide Settlements (BIS). It’s co-authored by Raphael Auer, principal economist on the BIS, and Stijn Claessens, the BIS’ Head of Monetary Stability Coverage and Deputy Head of the Financial and Financial Division.
The paper explores the results of regulatory actions on cryptocurrency markets. The researchers discovered that the markets reply “most strongly to information occasions concerning the authorized standing…