January 2018: Getting Your Bitcoin’s Worth
Financial firms spent a lot of last year focused on Mifid II compliance, but also clearly spent significant time following the ups and downs of cryptocurrencies - and assessing whether to invest in this new asset class.
There are two things that sparked my suspicions: first, the fact that so many market participants would have fallen short of complying that pan-European regulator the European Securities and Markets Authority needed to institute a six-month “grace period” for compliance with the Legal Entity Identifier requirements of the new rules; and second, Bitcoin.
Many are reporting 2017 as the year that cryptocurrencies came of age, gaining legitimacy and investor trust. I would suggest that in fact
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