Recently, the Bank for International Settlements [BIS] published a Quarterly review. In the document, authors Raphael Auer, Principal Economist in the Monetary Policy unit [BIS], and Stijn Claessens, Head of Financial Stability Policy department [BIS] discussed the impact of national regulatory news on cryptocurrencies.
According to the report, despite crypto-assets having no formal legal homes and being traded internationally, news events about national regulations have a notable impact on them. The report stated:
https://ambcrypto.com/bitcoin-regulation-is-not-bad-news-for-btc-and-other-cryptocurrencies-says-bis-quarterly-review/
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