Investing.com - Bitcoin and other major digital coin prices were little changed on Tuesday in Asia, marking very small losses following a setback over the weekend. Reports that the senior adviser to Bank of England commented that cryptocurrencies fail fundamental financial tests generated some attention.
Bitcoin lost 0.12% to $3,538.5 by 11:30 PM ET (04:30 GMT).
Ethereum edged up 0.1% to $116.2, XRP was down 0.5% to $ 0.31545, while Litecoin slipped 0.2% to $30.675.
In an interview with Bloomberg, Huw van Steenis, senior adviser to Bank of England Governor Mark Carney, said digital currencies such as Bitcoin are not high on his list of concerns. Van Steenis is heading a review of the future of finance for the Bank.
“I’m not so worried about cryptocurrencies. They fail the basic tests of financial services. They’re not a great unit of exchange, they don’t hold value, and they’re slower,” he said, when asked if crypto could be a threat to economic stability.
The British government has set up a 'Cryptoassets Taskforce' to help its work on developing a legal framework for cryptocurrencies.
In other news, Wyoming could be the first U.S. state to provide clear banking permissions for cryptocurrencies and digital assets. Last Friday, the state legislators introduced a bill to classify digital assets as property within existing laws.
“The legislation, all taken together, make Wyoming the Silicon Valley of Blockchain and Cryptocurrency of the nation and arguably—the world,” said Senator Ogden Driskill of Wyoming 1st District.