The Reserve Bank of Australia (RBI) has doubled its value compared to earlier this year meme coin He warned that the market is speculative.
The Reserve Bank of Australia released the minutes of its monetary policy meeting held by bank managers earlier this month on 16 November.
During the meeting, on cryptocurrencies “significant risks” focused on, and especially in meme coins market-wide growth, “significantly speculative” was stated.
The meme coin market, where cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB) come to the fore, is as of today according to CoinGecko data. $68 billion has a valuation.
Echoing the warnings of global regulators, the Reserve Bank of Australia has warned that crypto investors “May suffer great financial losses” stressed.
Generally a traditional financial asset, one on one Central bank managers, who also discussed about stablecoins that are based on will protect both users and financial stability agreed that it should be regulated.
Image: The main building of the Reserve Bank of Australia, image modified by Coin Bulletin
