Bitcoin News Official TheBitTimes.com

As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph. A former head of risk at Credit Suisse believes the next crypto bull market will stem from “regulatory clarity” in the United States — which he expects to happen in early 2023. Speaking to Cointelegraph, the former head of valuation risk at Credit Suisse, CK Cheng said some of the regulatory efforts underway in the United States will soon “open the doors” of traditional finance to crypto. Cheng is a former executive at investment bank Credit Suisse who left his role in July 2021 to co-found ZX Squared Capital, a crypto Hedge Fund targeting family offices and high-net-worth individual clients. Cheng said there has been a recent seachange in traditional institutions’ stance towards crypto, with many dipping their toes into the crypto waters for the first time. In August, one of the world’s largest asset managers BlackRock...

The catastrophic fall of the Swiss bank, Credit Suisse , is one of several banks that have collapsed in the past few weeks. It all began with the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank. Its repercussions sent ripples across the financial sector, with banks falling one by one. According to the latest report from CNBC, the troubled Credit Suisse Bank has reportedly assisted wealthy American clients to evade taxes from the IRS. Source: Mint Credit Suisse whistleblowers say the bank is still doing the same Credit Suisse pleaded guilty to providing assistance in helping individuals to avoid taxes and conceal the assets of US clients in 2014. Now, history seems to have repeated itself, as two former bankers are now working with the US government as whistleblowers. They stated in an interview with CNBC that the bank still went on to help US clients evade tax. Also read: Binance Concealed Substantial Ties to China for Multiple Years, Says ...