Cryptocurrencies are back in fashion.
Bitcoin - the pack leader of the asset class - recently hit a year-high of $13,000, having come through a market crash in 2018 that, at one point, wiped off more than 80% of its value. Alternative cryptocurrencies like Litecoin and Ethereum are also trailing after Bitcoin’s upward trajectory from their lows in the wake of the market slump.
But with global regulators tightening their grip on coin issuance to cryptocurrency trading, the revived hype for the asset class could be short-lived.
Last week, the Malaysian securities regulator ordered unregistered crypto exchanges to shut down...