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Bitcoin crash a wake-up call for risk-loving Kiwi investors


Speculative crypto trading poses a major headache for regulators, with most novice buyers dipping their toes into the markets without basic trading knowledge.
According to Blockchain data analytics firm Glassnode, newer investors and short-term holders led the recent bout of crypto panic-selling, crystallising their losses after buying in at the top.
Unsplash
The wild swings in bitcoin value are another reminder of crypto’s hyper-volatility.
New Zealand regulators remain on alert as crypto becomes part of the mainstream investment conversation. But they are limited to giving broad guidance and warnings.
The Reserve Bank has published a “buyer beware” warning in its past market analysis, but doesn’t treat cryptocurrencies as proper currencies. And while the Financial Markets Authority regulates businesses operating in the sector, such as Easy Crypto, it doesn’t have any oversight of trading. ....

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Morgan Stanley Clients Hold Nearly $30M In Bitcoin Fund


Morgan Stanley Clients Hold Nearly $30M In Bitcoin Funds
New SEC fillings show over 300 Morgan Stanley clients had invested in the bitcoin funds at the start of this month.
Author:
Apr 22, 2021
New SEC fillings show over 300 Morgan Stanley clients had invested in the bitcoin funds at the start of this month.
Qualifying
$29.3 million in the new 
FS NYDIG Select Bitcoin Fund, according to paperwork filed with the 
Securities and Exchange Commission this morning. 
The filings also show that a total of 322 clients were participating in the funds as of earlier this month. The assets under management and the number of investors are a bit dated because SEC rules allow registration to occur up to 15 days after the first sale has occurred.  ....

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